Thompson Hotels Increases Efficiency with RMS
Thompson Hotels will implement the IDeaS Revenue Management System (RMS) within six Thompson Hotel properties in the U.S. The move kicks off a company-wide initiative to automate revenue management processes for increased profitability across all Thompson properties through 2012 and 2013. The IDeaS RMS met the hotel’s automation needs for increased operational efficiency, and provides the critical data points needed to enhance its presence in the marketplace.
Since its inception in 2001 with 60 Thompson in New York, Thompson Hotels has been rapidly expanding to include 12 luxury lifestyle hotels in prime vacation destinations, including Los Angeles, Chicago, Miami, Toronto and London. In February, the company announced its merge with Joie de Vivre Hospitality to become Commune Hotels & Resorts, which manages 47 properties under the distinctive Thompson and Joie de Vivre brands.
Offering an automated approach to revenue management, the IDeaS RMS enables Thompson properties to more accurately and strategically optimize demand and increase revenue. The IDeaS RMS provides the most reliable, up-to-date information at revenue managers’ fingertips so they can spend less time and energy on data entry and more time booking the right guest, at the right time, at the right rate.