The Montcalm, Park Grand and Shaftesbury Hotels Deploy IDeaS RMS in Key London Properties
Ten percent revenue growth projected for properties within London Premier Hotels
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.
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 demandaccurately 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 nolonger 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 importancethat 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."
With more than one 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 more than 27 years of experience, IDeaS proudly supports more than 8,700 clients in 106 countries and is relentless about providing hoteliers more insightful ways to manage the data behind hotel pricing.
IDeaS empowers its 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.