MINNEAPOLIS / May 9, 2001--IDeaS, Inc., a leading provider of revenue management solutions, announced today Millennium Hotels & Resorts has selected IDeaS for their Asian Properties. The Orchard Hotel Singapore will be the first site to install the e-yield Revenue Management Solution with others to follow later in 2001.
After careful review and evaluation of the different revenue management solutions sold and supported in Asia, Millennium Hotels & Resorts was impressed with IDeaS' revenue management concepts and technology and with its processes that have been specifically designed to deliver optimal revenue and profits to hotels. "IDeaS offers a superior solution. The system forecasts both Group and Transient business, which will allow the Orchard Hotel to enhance our existing revenue management practices" said Mr. H.L. Kapfenberger - General Manager of the Orchard Hotel Singapore. Sid Sattanathan, Director of Distribution & Revenue Management - Asia Pacific, Millennium & Copthorne International commented, "We were impressed that IDeaS is also prepared to stand behind their product by guaranteeing results. The system's approach is impressive, but it was IDeaS' global team as well as our positive experiences with the e-yield(TM) system in the U.K. that convinced us that we were making the best choice." "We have been working successfully with Millennium Hotels & Resorts in the U.K., but Asia is unique. We are pleased to be able meet the needs of Millennium Hotels & Resorts in Asia and look forward to a successful roll-out, beginning with the Orchard Hotel," said Grahame Tate, IDeaS' Managing Director for Asia/Pacific. "Millennium joins the fast growing list of clients in the Asia Pacific region, who have shifted to IDeaS based on positive results, as experienced in RevPAR and competitive set performance." About Millennium Hotels and Resorts Millennium & Copthorne International Limited (M&C) is part of the Singapore-based Hong Leong Group. Ranked as Asia's largest hotel group, its hotel division, Millennium Hotels & Resorts, has 104 hotels located in 13 countries worldwide. Sixteen of the hotels are under management contracts by sister subsidiary company, City e-Solutions Limited (CES). The operations of majority of its hotels are under the Millennium and Copthorne brands. Millennium is a 4-star deluxe chain with 25 hotels (including the re-branding of 12 US Regal hotels as Millennium Hotels in April 2001). Copthorne comprises 4-star business-style hotels. These brands combine to offer both business and leisure travelers with a full range of corporate, conferencing, banqueting and leisure facilities in properties situated in major gateway cities throughout the UK, continental Europe, North America, the Asia Pacific and New Zealand. The Group also owns several chain-managed hotels including the Seoul Hilton, Grand Hyatt Taipei, The Regent in Kuala Lumpur, Nikko Hotel and JW Marriott in Hong Kong, The Heritage Hotel Manila, and The Plaza and Millennium Hilton in New York. About e-yield(TM) Hospitality Revenue Management The e-yield Revenue Management Solution enables hotels, chains and resorts to maximize total revenue and increase revenue per available room (RevPAR) by automating decisions that accept the most profitable business mix. The e-yield application suite is designed for seamless integration with core hotel technology systems, including property management, central reservation and sales & catering. The e-yield solution is available in property-based, centralized or ASP-based configurations. It can be deployed across Windows(TM) and UNIX platforms and is compatible with relational database management systems (RDBMS) such as Oracle and Informix. Modeled on client/server architecture, the IDeaS client applications are available on Microsoft Windows 95/98/2000 and Windows NT. Server applications are available on Windows 2000, Windows NT and UNIX. A web-based user interface allows clients to remotely access e-yield from any browser. The only completely automated decision solution in the industry, e-yield is also the only solution to forecast both group and transient demand, and the only solution to calculate the value of each type of demand. The company also provides the industry's first and only guarantee of increased revenue with a benefits measurement system that has been independently validated by a third-party accounting firm. About IDeaS, Inc. Integrated Decisions and Systems, Inc. "IDeaS" is a leading provider of revenue management and optimization solutions. The company has invented analytic decision technology that enables global clients to manage complex market segmentation, packaging, pricing and inventory management. IDeaS guarantees increased revenue to its clients. IDeaS' founders pioneered innovative revenue management solutions for companies including US Air, Northwest Airlines and United Van Lines. In 1996, IDeaS created a solution designed for the hospitality industry, fundamentally changing the practice of revenue management with automated decision solutions and guaranteed results. IDeaS clients include Hyatt International Corporation, Bass Hotels & Resorts, Inter-Continental Hotels & Resorts, Hilton International, Millennium & Copthorne, Mandarin Oriental and Kempinski Hotels and Resorts. IDeaS, founded in 1989, is headquartered in Minneapolis, Minnesota. The company has technology development centers at its headquarters and India. The company provides 24/7 first-shift support through its offices in North America, Europe and Asia. IDeaS maintains sales offices in North America, Europe, Australia and Asia. For more information, visit
Contact
Nikki Powers
Phone: 651/905-3298
Email: nikki.powers@idealyield.com
Organization
IDeaS a SAS company
https://ideas.com
8500 Normandale Lake Boulevard, Suite 1200
USA
- Minneapolis, MN 55437
Phone: (952) 698-4200
Email: info@ideas.com
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