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Grand Hotels NYC Selects IDeaS Revenue Management System for Soho Grand and Tribeca Grand Hotels
18 March 2009

IDeaS Revenue Optimization, the leading provider of hospitality revenue management and optimization solutions and services, today announced that Grand Hotels NYC selected IDeaS unique forecasting and pricing tool to maximize profits. New York City's Soho Grand and Tribeca Grand Hotels will deploy the IDeaS V5i On-Demand revenue management solution equipped with the Best Available Rate (BAR) module. The IDeaS V5i solution will allow Grand Hotels NYC to select the optimal rate with the highest probability of selling based on the arrival date and length of stay.

"We were impressed with IDeaS' product offering, particularly the intuitive user interface and Software as a Service (SaaS) deployment model," said Ellis Yee, vice president of finance, Grand Hotels NYC. "We need our most current pricing visible and availability through every electronic distribution channel -- a goal that carries a very heavy channel management burden. We were attracted to IDeaS' ability to automate that for us through seamless decision uploads to all of our distribution channels."

The IDeaS V5i on-demand revenue management solution will easily integrate with the hotels' existing systems, including Softbrands Epitome property management and SynXis RedX reservation management systems.

"IDeaS' continues to be energized by the opportunity to expand our client base, particularly with luxury boutique hotels," said Bernard Ellis, managing director, Americas, IDeaS. "Our V5i solution is a perfect fit for Grand Hotels NYC's integration needs, as well as its functionality to address multi-property channel management. In the New York market where traffic is extremely heavy, we're confident IDeaS V5i will ensure the optimal amount of business is captured."

IDeaS, a SAS company, is the world's leading revenue management software and services provider. Combining industry knowledge with innovative data analytics technology, IDeaS creates sophisticated yet simple ways to empower revenue leaders with precise, automated recommendations they can trust. With 35 years of expertise serving hospitality, including hotel, event, and parking clients, IDeaS delivers revenue science to more than 30,000 properties in 164 countries around the world. Results delivered. Revenue transformed. Discover greater profitability at IDeaS.com.


Related Event
Revenue Management in the Hospitality Industry
23 March 2009
IDeaS Revenue Optimization - Live Webinar
United States - Minneapolis, MN



Contact
Star Bazella
Marketing Manager
United States - Minneapolis, Phone: +1 952 698 4200
Fax: +1 952 698 4299
Email: star.bazella@ideas.com

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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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