IDeaS Revenue Solutions, the leading provider of pricing and revenue management software, services and consulting, today announced IDeaS Function Space Revenue Management (FSRM) has been recognized by Hotel Technology Next Generation (HTNG) as a TechOvation Award finalist.
Presented at HTNG’s North America conference, the TechOvation Award celebrates technology innovation in the hospitality industry by recognizing the top companies and products that are relevant to both hotel guests and owners.
In total, eighteen leading hospitality technologies participated in this year’s competition. A panel of prominent hotel IT executives and consultants chose the top three finalists, who then gave live presentations before a general session audience.
IDeaS FSRM was selected for its innovation in revenue management and its unique capabilities that help hotels achieve Total Revenue Performance. The first-to-market solution capitalizes on non-room revenue streams—including food and beverage, meeting and event spaces and more—to increase group and function space profits for hotels worldwide.
“It is an honor to be recognized by HTNG and our peers for being an innovative technology leader within the hospitality industry,” said Sanjay Nagalia, chief operating officer of IDeaS. “This accolade reinforces our mission to provide groundbreaking technologies that empower hoteliers to think differently about the revenue opportunities available throughout an entire property.”
This marks the sixth year that HTNG has awarded the TechOvation distinction. More information about the three finalists and all 18 contestants is available at http://htng.org/techovation-award.