FastBooking, IDeaS Yield New Hotel Yield Management Oppostunities

FastBooking announces the release of its new yield management solution for hotels in conjunction with IDeaS V5i. The solution will help hotels to:

• gather competitive online room pricing
• consolidate inventory and pricing data via IDeaS V5i
• determine new optimized prices
• publish a consistent street price across all websites, including a hotel's own website. 

Maintaining a consistent room price across third party websites causes shoppers to stop comparisons and book on a hotel's website, increasing profitability.
 
Three way partnership
Austria Trend Hotels & Resorts desired to increase responsiveness to competitor price changes. They were already using FastBooking's website booking engine and IDeaS V5i.
 
Austria Trend Group installed FastBooking Yield Management and immediately began realizing operational benefits. Gerhard Messinger, managing director of Austria Trend Group says, "FastBooking's solutions have already allowed us to optimise our operational processes of pricing management. With this integration, we add a strategic dimension."