PORTSMOUTH, N.H. / Newmarket International Inc. — the makers of DelphiTM and other leading group, sales, catering and banquet solutions — has partnered with Integrated Decisions and Systems Inc (IDeaS) — the leading provider of revenue management and optimization solutions that deliver measurable, guaranteed revenue increases — to develop an interface that delivers true integrated yield management for group, sales, banquet and catering functions.
IDeaS' revenue management solution is a scalable enterprise solution that enables hotels and chains to maximize total revenue and increase revenue per available room (RevPAR). IDeaS' solution analyzes the demand in the marketplace, matches the most-profitable demand to available inventory, and manages room inventory by automating the decisions on what reservations to accept at what prices. Specifically, the system is designed to meet the precise requirements of each individual property, its unique characteristics and business practices. "We have been working with IDeaS for a number of years. We're confident that the integration of our products helps move our joint customers toward the goal of continuing to grow the revenue generation capabilities of DelphiTM," said Sean O'Neill, Newmarket International President & CEO. "Through the establishment of a fully functional, two-way real-time interface with IDeaS, we will empower properties to make smarter decisions faster, driving significant dollars straight to the bottom line," O'Neill said. Ed Booth, IDeaS President & CEO said Newmarket clients utilizing a cutting-edge interface to IDeaS will have a competitive advantage well worth their initial technology investment. IDeaS has consistently delivered measurable revenue increases in excess of the company's guarantee, with ROIs greater than 300%," Booth said. He added, "Depending on the size of the hotel, payback periods for IDeaS e-yield™ revenue management solution range from a matter of weeks to months." IDeaS' ability to increase profit margins without requiring changes to the client's business model directly impacts the future profitability and return on the same level of assets. From a hotel perspective, IDeaS' automated decision solutions represent a radical reduction in manual labor and an exponential improvement in reliability and results. Newmarket's O'Neill underlined that most revenue increases attributable to IDeaS directly increase profit margins and property valuations and added, "Delphi™ is currently one of the best ROI investments a hotel can make in today's business climate and this relationship raises the bar again." About Newmarket International Newmarket International, "the makers of Delphi," is the leader in delivering groups, sales, catering and banquet software solutions to global travel and entertainment organizations. Hotels, Casinos, Visitor Bureaus, Meeting Houses, Convention Centers and Arenas all use this powerful technology. Newmarket International provides competitive advantages to all of its customers by enabling leads to electronically transfer across cities and around the world. By harnessing award-winning technology and support, the industry's best return on investment, domain expertise, and a commitment to the travel industry, Portsmouth, N.H.-based Newmarket enables customers to increase efficiencies and maximize profits. For more information, please visit About IDeaS Integrated Decisions and Systems Inc. (IDeaS) is a leading provider of revenue management and optimization 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. The Company's 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, Minn., IDeaS maintains global technology, support and sales offices in North America, the United Kingdom, Europe, Australia and Asia.
Contact
Shawn McDonald
Director of Marketing
Phone: (603) 430-7434
Fax: (603) 436-1826
Email: smcdonald@newmarketinc.com
Organization
Amadeus Hospitality
https://www.amadeus-hospitality.com/
75 New Hampshire Avenue
USA
- Portsmouth, NH 03801
Tollfree: 888-829-8871
Phone: 1 603 436 7500
Email: info@amadeus-hospitality.com
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