Despite making a significant leap forward in the sophistication and effectiveness of their approach to revenue management, Tsering shares that implementing G3 RMS has actually simplified the way they work. “IDeaS makes everything straightforward and easy to understand, from navigating the system to implementing effective strategies. With G3 RMS, it’s simple to access historical data and explore scenarios using features like ‘What If,’ allowing us to take calculated risks without any actual exposure,” shares Tsering.

Increase rate management efficiency: The Inn on the Alameda aimed to increase rate management efficiency by replacing time-consuming manual pricing with automated, dynamic tools. This would enable quicker, more accurate decision-making while freeing up time for strategic planning.

Ability to price dynamically: The goal was to enable dynamic pricing to respond swiftly to changes in demand and booking trends. This approach aimed to maximize revenue by ensuring optimal pricing at all times.

Data-driven decision making: The objective was to leverage data and analytics to guide pricing and inventory decisions more accurately. By using real-time and historical data, the aim was to improve forecasting and overall revenue strategy.