IDeaS Extends Platform to Encompass Total Revenue Forecasting Technology, Transforming How Hotels Plan and Budget
Through automation and scientific forecasting, IDeaS RevPlan™ empowers hotels to build a forward-looking total revenue plan and budget based in data-driven reality
Tweet This: @IDeaS_RevOpt continues to advance the power of revenue science beyond the guest room, announcing the industry-first total revenue forecasting solution IDeaS RevPlan www.ideas.com/news #RevenueScience
MINNEAPOLIS - IDeaS Revenue Solutions, the world's leading provider of revenue management software and services, announced today IDeaS RevPlan™, a cloud-based module built to complement its flagship RMS products. The module is designed to take the pain out of budgeting and forecasting a hotel's total business, including food and beverage outlets.
Until now, hotels have relied on manual forecasting and data collection to plan operations for their total business. This error-prone, time-consuming process leads to inefficient labor costs, siloed decision-making and smaller profits. Expanding what's possible with revenue science, RevPlan enables revenue managers, finance directors and hotel leaders to effectively budget, plan and strategize using automation and scientific forecasting.
- Total profit optimization - Increases profitability of all revenue streams, from guest rooms to food and beverage, with scientific forecasting for more precise planning.
- Data-driven decisions - Consolidates hotel data at the enterprise level to easily drive more strategic decision-making by revenue stream, region or brand.
- Automated efficiency - Boosts operational efficiencies with automated data collection and intelligence.
Sanjay Nagalia, co-founder and chief operating officer, IDeaS, said: "While others talk about the future of hotel technology, for the past 30 years IDeaS has invented it. Hoteliers face many challenges when it comes to the planning and budgeting of their total business. Essential data is spread out and isolated, the manual process is prone to errors and non-rooms revenue is left on the sidelines. That's why we developed RevPlan, a budgeting and planning solution built for and by hoteliers."
About IDeaS
IDeaS, a SAS company, powers profitable hospitality. As the global leader in revenue management, IDeaS supports a diverse range of hospitality, including independent hotels, resorts, global hotel chains, cruise lines, and parking brands. IDeaS’ AI-driven solutions go beyond forecasting and pricing to optimize revenue, boost profitability, and improve efficiency, helping hospitality organizations build fully connected commercial strategies. With more than 34,000 installations globally, IDeaS continues to innovate and set the standard for growth, performance, and value in the next era of hospitality.
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