MINNEAPOLIS, MN — IDeaS, Inc., a leading provider of revenue management solutions and one of America's fastest growing technology companies announced that Universal Orlando Resort has installed and is operating its e-yieldTM Revenue Management Solution. This implementation is part of Universal's plan to centralize revenue management operations for three hotel properties in Orlando, FL-- Portofino Bay Hotel at Universal Orlando, a Loews Hotel; Hard Rock Hotel at Universal Orlando; and the newly opened Royal Pacific Resort at Universal Orlando, a Loews Hotel.
"With IDeaS, we have a true automated, centralized revenue management solution. We also have the key benefit of synchronizing room availability and pricing for all of our voice, GDS and Internet distribution channels, said Dennis Quinn, Senior Director of Revenue Management for Universal Orlando Resort. "IDeaS automated revenue management solution allows us to immediately respond to market conditions and large group fluctuations, without the several days delays typically encountered with recommendation systems." "The ability to deploy a consistent revenue management strategy across channels is the first step in gaining control," said Ed Booth, CEO and president of IDeaS, Inc. "IDeaS is excited to be on the forefront of solving one of the most vexing problems hotels face today—automated distribution channel management. We are pleased that its centralized solution delivers measurable financial and operational results to Universal Orlando Resort." He added, "By teaming with Pegasus Solutions we are able to deploy fully-integrated centralized solutions and distribution channel management." "Implementing a centralized revenue management solution was a key part of our revenue strategy for the new properties completed and planned for construction at Universal Orlando," Quinn added. "We understood early on that superior revenue management capabilities would have an immediate impact on revenues, delivering to us not only a superior rate in the marketplace, but also higher occupancy levels and continuity in the marketplace. We are pleased with our decision to implement IDeaS Revenue Management Solution and believe these efforts are paying off for us now." Pegasus' Senior Vice President of Reservation Services Kevin Short commented, "We are pleased to be part of the teaming of two of the industry's leading technology solutions at Universal Orlando Resort. The powerful combination of IDeaS RMS and Pegasus' RezView CRS has served to further endorse the emerging strategy for centralized inventory and rate management. With the IDeaS/Pegasus solution, Universal Orlando Resort has been able to achieve continuity of revenue management strategy across all of their voice and electronic sales channels," Short said. To deploy this centralized solution, IDeaS teamed with Pegasus Solutions, Inc.
[NASDAQ: PEGS]
to develop an advanced interface between IDeaS' revenue management solution (RMS) and the Pegasus RezView central reservations system (CRS), which Universal uses on an application service provider (ASP) basis. All reservations for Universal Orlando Resort are made in the RezView CRS, and data from the CRS is fed directly through a robust two-way interface to IDeaS e-yieldTM RMS, which then updates its forecast and automated decisions with the latest booking information and delivers the updated controls directly back to the CRS' inventory and rate mechanics in RezView. The seamless application of RMS at a centralized level allows Universal to access information and strategically manage their entire inventory of hotel rooms for their multiple properties through a single user interface. It enables Universal's management team to focus their attention where it can have the greatest financial impact and Universal to achieve optimum rates by providing reservation agents with real-time booking decisions directly in the CRS. Implementing a unique and corporate central view of revenue management has proven to provide Universal Orlando the platform for superior competitive performance.
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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