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IDeaS inks deal with Menzies

IDeaS, a provider of hospitality revenue management and optimisation solutions, has announced that UK hotel chain Menzies Hotels has installed IDeaS V5i On-demand Revenue Management Solution throughout its estate, a mixture of 3 and 4 star hotels.“Having recently expanded our business, the installation of this solution from IDeaS guarantees a more scientific approach to our revenue management process which, in turn, allows us to deploy in a much more centralised environment,” said Paul Dooner, Director of Revenue for Menzies Hotels.

“The key for us was the ability of the V5i On-demand Revenue Management Solution to operate within our centralised framework and provide central business intelligence to all of our different properties and estates in the United Kingdom.”

Menzies Hotels are currently implementing IDeaS V5i with the following modules: BAR (Best Available Rate), which helps make pricing decisions while incorporating competitive rate information, Multi-Property, which allows authorised users to view data from multiple properties and benefit from roll-up reporting in user-definable property groups, and the Budget module, which provides an easy method to assess the hotel’s performance against financial goals, as it allows hoteliers to compare budgeted rooms sold and revenue against actual or forecasted data at market segment and hotel levels.