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REVENUE MANAGEMENT
Bavarian Inn Transforms Revenue Strategy with IDeaS
Previously, multiple reports from the PMS were compiled into an Excel sheet to create a report. Now, using Optix, a template can be saved allowing for easier and more effective data analysis. Time is no longer spent collating data, as it is readily available, enabling faster implementation of strategies and changes compared to the old system. Additionally, the resort lacked dynamic pricing for its meeting and event spaces, relying instead on static annual rates that didn’t reflect real-time demand.
Enhance Data Visibility: Bavarian Inn aimed to replace manual, time-consuming reporting with real-time access to performance data. This would enable faster, more informed decision-making across departments.
Implement Dynamic Pricing: The resort needed to move away from static, annual pricing—particularly for event spaces—and adopt dynamic pricing strategies to better capture demand and maximize revenue.
Improve Operational Efficiency: By automating revenue tasks and centralizing reporting, the team sought to save time and redirect focus toward strategic initiatives like forecasting, promotions, and pricing optimization.
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