PUNE, India & MINNEAPOLIS | IDeaS, the leading provider of hospitality revenue optimization solutions and one of the industry's fastest growing technology companies today announced that Amit Khurana has joined the company as its new India-based Sales Manager. Khurana joins IDeaS with more than eight years of experience in the hospitality industry. Most recently he served as a Business Manager for Micros-Fidelio in India. Prior to his hospitality technology tenure, he gained client experience by working several years in hotels following his graduation from IHM, Pusa, Delhi, India's premier catering university. "India has emerged as one of the strongest regions in the world for hospitality focused technology, something we have first hand experience with due to IDeaS large operational facility in Pune, India," said Grahame Tate, IDeaS' Managing Director Asia Pacific. "With Amit on board to focus exclusively on sales to the Indian sub-continent, we are able to better serve our clients and prospects in the region who would like a structured approach throughout the sales process and the convenience of a locally based sales manager." "Globally, IDeaS has long set the standard for hospitality focused Revenue Optimization and business intelligence solutions," added Amit Khurana. "The increasing importance for hoteliers to be able to clearly see their data across the estate, optimize their revenues, manage their distribution channels effectively means that IDeaS importance to hoteliers will continue to grow throughout the region." India is one of the globe's fastest growing regions in hospitality. Hotel Industry Results Preview recently reported that the India hotel industry "broke all its past records to report better than expected results during Q1 FY06, despite the period being the lean season for the industry. Rising business and leisure travel, a continuing demand-supply mismatch and rising occupancies have kept up the growth momentum in Q2 FY06 as well. We expect our coverage universe to witness revenue growth of 28% year over year and PAT growth of 227% during the quarter ended September 2005." "Amit brings a great reputation for being client-centric along with deep industry knowledge to his position at IDeaS," said VK Kala, Vice President and Managing Director IDeaS, India. "We were thrilled that he decided to become a part of the IDeaS team and we have great confidence in his ability to truly service the Indian market." Amit Khurana will be based in IDeaS New Delhi, India office and can be reached at amit.khurana@ideas.com.
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