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REVENUE MANAGEMENT
Turning Market Volatility into Opportunity at Novotel Citygate Hong Kong
IDeaS G3 RMS delivers automated, data-driven pricing and forecasting recommendations updated three times daily. Enabled the Novotel team to react instantly to market changes while freeing time for strategic planning and long-term optimisation.
Improve Forecast Accuracy: With frequent market shifts, the hotel aimed to strengthen its forecasting precision to make faster, smarter revenue decisions.
Increase Efficiency: Manual rate adjustments were time-intensive; automation was needed to streamline daily processes and refocus on strategic planning.
Strengthen Market Positioning: By proactively identifying demand trends, the team sought to sustain a competitive edge and outperform local market benchmarks.
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