Grand Hotels NYC selects IDeaS forecasting and pricing tool, Revenue Optimization, to maximize profits. New York City's Soho Grand and Tribeca Grand Hotels will deploy the IDeaS V5i On-Demand revenue management solution equipped with the Best Available Rate (BAR) module. The IDeaS V5i solution will allow Grand Hotels NYC to select the optimal rate with the highest probability of selling based on the arrival date and length of stay.
"We were impressed with IDeaS' product offering, particularly the intuitive user interface and Software as a Service (SaaS) deployment model," says Ellis Yee, vice president of finance, Grand Hotels NYC. "We need our most current pricing visible and availability through every electronic distribution channel; a goal that carries a very heavy channel management burden. We were attracted to IDeaS' ability to automate that for us through seamless decision uploads to all of our distribution channels."
The IDeaS V5i on-demand revenue management solution will easily integrate with the hotels' existing systems, including Softbrands Epitome property management and SynXis RedX reservation management systems.