Grand Hotels NYC Selects IDeaS Revenue Management System for Soho Grand and Tribeca Grand Hotels
IDeaS Revenue Optimization, the leading provider of hospitality revenue management and optimization solutions and services, today announced that Grand Hotels NYC selected IDeaS unique forecasting and pricing tool to maximize profits. New York City's Soho Grand and Tribeca Grand Hotels will deploy the IDeaS V5i On-Demand revenue management solution equipped with the Best Available Rate (BAR) module. The IDeaS V5i solution will allow Grand Hotels NYC to select the optimal rate with the highest probability of selling based on the arrival date and length of stay.
The IDeaS V5i on-demand revenue management solution will easily integrate with the hotels' existing systems, including Softbrands Epitome property management and SynXis RedX reservation management systems.
"IDeaS' continues to be energized by the opportunity to expand our client base, particularly with luxury boutique hotels," said Bernard Ellis, managing director, Americas, IDeaS. "Our V5i solution is a perfect fit for Grand Hotels NYC's integration needs, as well as its functionality to address multi-property channel management. In the New York market where traffic is extremely heavy, we're confident IDeaS V5i will ensure the optimal amount of business is captured."
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With more than 1.6 million rooms priced daily on its advanced systems, IDeaS Revenue Solutions leads the industry with the latest revenue management software solutions and advisory services. Powered by SAS® and with nearly three decades of experience, IDeaS proudly supports over 10,000 clients in 124 countries and is relentless about providing hoteliers with insightful ways to manage the data behind hotel pricing.
IDeaS empowers clients to build and maintain revenue management cultures–from single entities to world-renowned estates–by focusing on a simple promise: Driving Better Revenue.
IDeaS has the knowledge, expertise and maturity to build upon proven revenue management principles with next-generation analytics for more user-friendly, insightful and profitable revenue opportunities–not just for rooms, but across the entire hotel enterprise. For more information, visit www.ideas.com.