Client Reviews
"What made me confident in approaching IDeaS for the first time was the fact that the system was usable by different types of properties. It works regardless of the number of rooms [you have] or if you’re in a city or leisure destination."
Independent Hotel Revenue Management Relies on Solid Decisions
IDeaS’ automated decision solutions ensure your independent hotel has the analytical insights, real-time pricing decisions, and tailored support you need.
Achieve the right hotel business mix
Identifying the best balance of business is critical to maximizing revenues in your different room types. You can trust IDeaS to automatically accept the most valuable demand across key segments, all arrival dates, and lengths of stay, helping you drive better revenue across peak and shoulder nights.
Maximize guest profitability
The costs of running an independent property can be high when offering high-quality services that cater to groups and transient business. Only with IDeaS’ profit-focused solutions can you strategically optimize not only revenue, but total profitability in and beyond the guest room.
Spend time efficiently & strategically
With lean teams, achieving greater efficiency often means prioritizing quick tasks over long-term strategy. With a user-friendly and automated solution, you can reduce time spent on tactical revenue activities through pricing and inventory management that makes every second count, giving you more time to focus on what matters.
What Is Your Role in Revenue Management?
Empower yourself with automated intelligence that provides the actionable insights you need to get your time back so you can stay ahead of the competition. You’ll achieve your revenue targets with precise forecasting and optimized pricing for all key products, channels and stay patterns while you focus on strategy.
Enhance decision-making across the property with precise demand and operational forecasting so you can ensure an exceptional guest experience and maximum revenue while efficiently managing operational costs to enhance profitability and maintain high guest-service standards.
Utilize AI, predictive analytics, and an integrated tech stack to foster operational efficiencies, be prepared for market fluctuations, and maximize margins for your property. You can focus on achieving revenue targets, managing risk, and controlling costs to ensure satisfactory returns on investment and growing long-term asset value.
Frequently Asked Questions
First, look at historical performance to create relevant market segments. These will enable targeted promotions and personalized communication with guests. Second, forecast business for the next 30, 60, and 90 days to plan operations and revenue strategies. Next, understand guest booking patterns, behaviors, and monitor competitors to find the right price. Lastly, invest in staff training to ensure revenue management practices remain effective and up to date.
The business mix for a hotel refers to the distribution of business from different segments like transient, group, corporate negotiated, wholesale, and other discount programs. It helps hotels understand guest preferences, channel costs, and tailor strategies to maximize profitability.
A healthy business mix is crucial to achieving long term success. A strong balance in business helps minimize risk by diversifying revenue in a dynamic market while maximizing profitability. The right business mix is as unique as each hotel is. To start, establish or review the commercial goals for the hotel. Then understand what business is available by looking at past business and market trends, while layering in cost per channel, seasonality, and guest price sensitivity to determine what a profitable mix looks like. Finally, use revenue technology that executes your revenue strategy by setting prices and availability controls across segments based on this desired mix and strategy.