MINNEAPOLIS X IDeaS, Inc., a leading provider of revenue management solutions and one of America ¦s fastest growing technology companies and Conrad Hotels, announced today that Conrad Hotels has contracted to rollout IDeaS Revenue Management Solution. The decision was made following the successful deployment of e-yield and innovative pricing capabilities at Conrad Brussels earlier this year.
According to Laurens Zieren, Manager of Conrad Brussels, §We have been impressed with IDeaS integrity, innovation and focus on solutions that provide results. Due to the uniqueness of our business, the large volume of ¥unqualified ¦ guest bookings, we required advanced revenue management capabilities that only IDeaS could deliver. ¨ He added, § IDeaS understood our business needs and innovated solutions that addressed the changing face of the hotel business, leveraging greater financial benefits. ¨ Apo Demirtas, Senior Corporate Director of Revenue Management, Conrad Hotels, added, §Through an extensive due diligence process, Conrad Hotels was able to validate the superiority of IDeaS science and math, their focus on product development and innovation and their ability to deliver results. ¨ Conrad Hotels will install IDeaS e-yield 4.0 platform, including the Corporate Contract Evaluation and BAR (Best Available Rate) modules, in the company ¦s hotels worldwide. Conrad Hong Kong is the next property scheduled for to go live later this year. According to Ed Booth, CEO of IDeaS Revenue Management, §Version 4 of e-yield combines the most advanced science in revenue management with intense collaboration from some of the most knowledgeable hoteliers and technology suppliers in the world. Having a dynamic pricing engine provides our clients with a major advantage in their markets. Conrad Hotels collaborated in the design and implementation of a breakthrough pricing solution, coined BAR for §Best Available Rate. ¨ BAR was engineered to select the optimal room rate for guest inquiries with no pre-established rate and inquiries from the growing proliferation of Internet booking channels. BAR simultaneously solves one of the toughest issues in the business and increased revenue. ¨ He added, §The outcome is another huge step for hotels to enhance their revenues. ¨ The e-yield„§ Revenue Management Solution by IDeaS automates the decisions that accept the most profitable mix of business, selling hotel rooms at optimum prices. e-yield„§ is a scaleable enterprise solution that is customized to meet the precise requirements of each individual property or chain. e-yield„§ is the only completely automated decision solution in the industry and the only solution to forecast group business. It integrates seamlessly with core hotel technology systems, including PMS, CRS and S&C. The solution is available in property-based, centralized or ASP-based configurations. e-yieldTM won the prestigious §World Class Solution ¨ Award recognizing innovative, successful business intelligence implementations that provide true business value. About IDeaS, Inc. Integrated Decisions and Systems Inc. (IDeaS) is the leading provider of revenue management solutions that deliver measurable, guaranteed revenue increases. The company has invented analytic decision solutions that enable global organizations to manage complex market segmentation, packaging, pricing and inventory management. IDeaS ¦ enterprise software solutions produce automated decisions that create compelling value, including: Guaranteed revenue increases, increased profit margins and enhanced asset valuations. IDeaS ¦ primary market focus is the global hospitality industry. The company is aggressively introducing new pilots and rolling out its solution into worldwide chains. IDeaS ¦ clients include some of the most-prestigious hotel chains and resorts in the world, including Six Continents, Hyatt International, Hilton International, Mandarin Oriental, Shangri-La, and Kempinski Hotels & Resorts. Today the company ¦s solutions can be found in every corner of the world. Headquartered in Minneapolis, Minnesota, IDeaS maintains global technology, support and sales offices in North America, the United Kingdom, Europe, Australia and Asia. For more information, visit About Conrad Hotels Conrad Hotels represents the luxury portfolio of the Hilton family of brands. Established in 1985, The Company has earned a reputation for exceptional style and personalized service among the world's most demanding business and leisure travelers. There are presently 14 Conrad hotels operating in major gateway cities and exotic resort destinations across Asia, Australia, Europe, the Middle East, North America, and South America. Conrad Hotels is expanding and continues to explore opportunities to further enhance the brand's presence in the luxury hotel segment in suitable locations around the world. New hotels will open in Bangkok, end of 2002 and in Bali in 2004. For information or reservations, visit our website at
Contact
Jill Gibbs
Phone: 651 905-3200
Email: jill.gibbs@eyield.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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