Umstead Hotel & Spa to Enhance Revenue and Profit with IDeaS Install
The Umstead Hotel & Spa, recipient of a 2008 AAA Five Diamond Award, has selected IDeaS' V5i pricing and revenue management solution to optimize revenue and profit. IDeaS V5i will provide forecasting, optimization and pricing solutions as an on-demand Software as a Service (SaaS) application.
"We've understood the benefit of an automated revenue management system for a long time, and knew we needed the most advanced technology to manage through these challenging conditions, especially as an independent hotel," says Brent Dexter, director of revenue management, Umstead Hotel & Spa. "We chose IDeaS V5i because its unique software as a service model provides on-demand access to data. This will allow us for example to access real-time forecast information from a laptop during a meeting and immediately make business decisions. We also liked that the solution considers profitability and ancillary revenue, and that it integrates with all of our distribution systems and partners, including The Leading Hotels of the World."
"We've understood the benefit of an automated revenue management system for a long time, and knew we needed the most advanced technology to manage through these challenging conditions, especially as an independent hotel," says Brent Dexter, director of revenue management, Umstead Hotel & Spa. "We chose IDeaS V5i because its unique software as a service model provides on-demand access to data. This will allow us for example to access real-time forecast information from a laptop during a meeting and immediately make business decisions. We also liked that the solution considers profitability and ancillary revenue, and that it integrates with all of our distribution systems and partners, including The Leading Hotels of the World."