IDeaS Revenue Solutions, the leading provider of revenue management software solutions and advisory services, today announced it has been listed as a “Champion” in Info-Tech Research Group’s Revenue Management Systems Vendor Landscape.
Info-Tech Research Group Vendor Landscape reports recognise outstanding vendors in the technology marketplace. Assessing vendors by the strength of their offering and their strategy for the enterprise, Info-Tech Research Group Vendor Landscapes pay tribute to the contribution of exceptional vendors in a particular category.
“Hotel rooms are a perishable commodity in an extremely competitive market rife with promotions, OTAs, and indirect revenues,” the report stated. “Therefore, hoteliers understand that maximising the value of every room is crucial to their continued success. Organisations looking for a revenue management system that will continue to push the limits of analytical capabilities will want to consider IDeaS.”
“The hospitality industry is at a critical tipping point, where more and more hotels are realising the incredible power that automated revenue management and analytics have on revenue and profitability,” said Sanjay Nagalia, chief operating officer for IDeaS. “We’re honored to be included in this report for not only our strong industry leadership, but also for the stability and value of our leading revenue management solution. We will continue to innovate aggressively to the constantly evolving landscape of revenue management.”
Strong History and Vision, Global Presence Lauded
Evaluated among seven other vendors in the category, IDeaS Revenue Management System (RMS) is noted in the Info-Tech Research Group’s Vendor Landscape for its solid history and global client base. According to the report, “The solution is truly best-of-breed for hotels seeking a solution to optimise booking-based revenue and profit.”
IDeaS and its Revenue Management System were also evaluated for both product and vendor criteria, including usability, architecture, strategy and integrations; as well as for interoperability and integrations with property management systems, online travel agents (OTAs) and more.
The company and solution ranked among the top companies across all criteria and was also recognised for strong backing from parent company SAS®. “IDeaS has a powerful analytical backing in SAS, which should result in industry-leading innovation in areas like big data,” the report continued.
The Info-Tech Research Group’s Revenue Management System Vendor Landscape also notes hospitality industry trends for pricing and revenue management, stating that revenue management isn’t about 100 percent occupancy or maximum RevPAR. “In today’s market, the focus is less on filling every room each night and maximising the revenue per available room (RevPAR), it’s about the flow through to the bottom line—total profit,” the report continued.
“Our strategy for the next generation of revenue management is in line with Info-Tech Research Group’s insight. For us, it’s about maximising profitability across departments and functions, and driving revenue opportunities with industry-leading analytics,” concluded Nagalia. “We call it Total Revenue Performance, and it’s the future of revenue management.”