| Company: | IDeaS Revenue Optimization |
About the Company and their Award: | |
|
IDeaS Revenue Optimization—a SAS company—is a leading provider of Pricing, Forecasting and Optimization solutions and services. Acquired in 2008 by SAS, IDeaS enables global organizations such as leading hospitality, travel and transportation companies to understand, anticipate and react to consumer behavior in order to optimize company-wide revenue and profits. The following customer success stories are examples of the business benefits of IDeaS’ SaaS solution: Kempinski’s Hotel Baltschug in Moscow has increased its average room rate 22% year on year, which resulted in a revenue increase of $4 million. Kempinski’s Mall of the Emirates generated 28% growth in Average Daily Rate (ADR) following a pricing review using IDeaS’ solution.
Protea Hotels, the largest hotel group in Africa with over 100 properties across the continent, increased the Revenue per Available Room (RevPAR) at its Wanderers Hotel in Johannesburg15 -20% since 2006. The LA Wilshire Grand Hotel, a 900-room property in the heart of downtown Los Angeles, generated a 4% revenue increase and boasts a 99% accuracy rate as a result of implementing the IDeaS solution in 2005. In addition, implementing the SaaS solution allowed the revenue manager to redefine his role and increase his value to the hotel, by focusing more time on strategic decision-making and less time on data entry. It is for these reasons that IDeaS has been named a Best of SaaS Showplace Award winner. | |
©THINKstrategies, Inc. - 2010