IDeaS Launches Advanced Revenue Management System

IDeaS Revenue Solutions has launched its most scientifically advanced automated revenue management system yet, IDeaS G3 Revenue Management System (RMS).

Powered by best-in-class SAS analytics, the solution will help users to increase revenue performance with comprehensive pricing data, forecasting and reporting tools.

“Today’s launch is anchored by the category experience we’ve earned over the past 25 years, and is backed with the industry’s most powerful analytics from SAS,” said Sanjay Nagalia, chief operating officer of IDeaS. “IDeaS G3 RMS is redefining revenue management, and meeting the ever-evolving and sophisticated needs of hoteliers today. It will enable users to make more informed decisions about their properties and create new revenue opportunities every single day.”

The advanced features in IDeaS G3 Revenue Management System are fully scalable, capable of creating pricing decisions for one property or worldwide estates. Guided workflows, informative dashboards and best-fit analytics models enable users to produce robust reports with extremely high levels of detail.

Developed originally in partnership with Hilton Worldwide, more than 2,000 properties are now live on IDeaS G3 RMS, with more coming online every day.

Scandic Hotels, an internationally renowned hotel group located throughout Scandinavia and Northern Europe, has been one of four charter clients for IDeaS G3 RMS and is seeing success with the solution.

“We’re confident that the system’s new approach to both pricing and optimisation will continue to improve our revenue performance and keep us on the forefront of revenue management solutions,” said Tom Blomquist, director of revenue and development for Scandic Hotels. “The SAS analytics combined with the What-If Analysis feature are a huge leap forward, and we look forward to taking advantage of these benefits with IDeaS G3 RMS.”

Extended Stay America, one of the largest owner/operated hotel chains in North America also recently announced plans to implement IDeaS G3 RMS across nearly 700 properties and 76,000 rooms by year-end 2014.