IDeaS Revenue Solutions, the leading provider of pricing and revenue management software, services and consulting, today announced The Montcalm, Park Grand London and Shaftesbury Hotels have successfully extended IDeaS Revenue Management System (RMS) to key properties, projecting double-digit revenue growth within the coming months by using the integrated solution.

Seeking a process to streamline revenue management, The Montcalm, Park Grand

London and Shaftesbury Hotels will utilize IDeaS RMS to ensure optimum rates, and eliminate manual data-entry tasks with automated rate distribution across all channels.

For all three hotel groups, the capability to forecast both transient and group demand

accurately were also key factors in their strategic move to IDeaS RMS. As such, Best Available Rate (BAR), Group Pricing and Competitive Analysis modules have been highly used features yielding immediate results.

"Thanks to automated rate distribution to all our channels, our revenue managers no

longer need to spend hours on manual rate updates; they can concentrate their efforts on more strategic tasks," said the management of The Montcalm, Park Grand London and Shaftesbury Hotels. "IDeaS RMS reacts to demand and analyses data to provide optimal rate decisions multiple times each day, leading to revenue growth opportunities almost immediately. We are extremely satisfied with our partnership with IDeaS."

"In such a fast-moving, competitive market as Central London, it is of vital importance

that hotels invest in the right technology, allowing for sustainable revenue optimization and growth opportunities," said Fabian Specht, EMEA managing director at IDeaS. "We strive to make technology easy-to-use and powerful so hotels such as The Montcalm, Park Grand London, and Shaftesbury Hotels can create new opportunities and increase their bottom line."

About IDeaS

IDeaS, a SAS company, is the world's leading revenue management software and services provider. Combining industry knowledge with innovative data analytics technology, IDeaS creates sophisticated yet simple ways to empower revenue leaders with precise, automated decisions they can trust. With 35 years of expertise serving hospitality, including hotel, event, and parking clients, IDeaS delivers revenue science to more than 30,000 properties in 158 countries around the world. Results delivered. Revenue transformed. Discover greater profitability at IDeaS.com.

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