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REVENUE MANAGEMENT
Independent French Hotel Chooses Multifunctional RMS from IDeaS
In 2017, a new director joined the group and made the decision to move forward with significant new technology changes, and Caprini began investigating various revenue solutions with the help of a consultant. A shortlist was compiled – it contained four of the top international RMS (revenue management system) vendors, including IDeaS. To ensure they all were judged fairly, Caprini and his team created a scorecard with different key elements for the systems, including reporting, forecast pricing, room type optimization, and other elements that mattered to each property.
Drive incremental revenue: Relying on automation to forecast and make pricing decisions.
Increase ADR: Find ways to increase average daily rate, especially in the high season.
Better optimize revenue strategy: Needed an RMS that considered reporting, forecast pricing, room type optimization and other elements for portfolio's revenue strategy considerations.