WORLDHOTELS Affiliate Hotel Taps New Revenue Management Tool to Maximize Yield
Trust International has added the IDeaS Revenue Optimization Best Available Rate functionality to its Revenue Management System interface to help hotels maximize their yield by recommending optimal rates. WORLDHOTELS with their affiliate hotel Grand Elysee Hamburg became one of the first hotels to use the IDeaS Best Available Rate recommendations on Trust's centralized reservation system, Voyager|CRS.
"It is critical for our partner hotels to accurately price inventory, taking into account future demand and competition," says Robert Hornman, vice president EMEA & Worldwide sales, marketing and distribution of WORLDHOTELS. "The rate recommendations streamline the pricing for our partner hotels based on proven formulas. This eliminates all the tedious research and manual data entry required previously and takes a lot of the guesswork out of the process. At the same time, the IDeaS V5i revenue management solution ensures the optimal revenue for our hotels. The functionality has already significantly increased revenue for the Grand Elysee and further strengthens our recommendations to affiliate hotels to employ the winning combination of the IDeaS V5i interface and the Voyager|CRS."
"It is critical for our partner hotels to accurately price inventory, taking into account future demand and competition," says Robert Hornman, vice president EMEA & Worldwide sales, marketing and distribution of WORLDHOTELS. "The rate recommendations streamline the pricing for our partner hotels based on proven formulas. This eliminates all the tedious research and manual data entry required previously and takes a lot of the guesswork out of the process. At the same time, the IDeaS V5i revenue management solution ensures the optimal revenue for our hotels. The functionality has already significantly increased revenue for the Grand Elysee and further strengthens our recommendations to affiliate hotels to employ the winning combination of the IDeaS V5i interface and the Voyager|CRS."