Transform your meetings & events business with function-space revenue management.
Meetings & events business represents up to 60% of overall revenue for many hotels. Why limit your revenue management strategy to guest rooms alone? The next step toward total property profit optimization starts with your meeting space.
“We understand that hotels with group business and function space offerings have an exciting opportunity to increase the value of those revenue streams. We know and understand our customers’ challenges and will continue to innovate and provide tailored solutions to them.”
Read our full awards press release.
Something for Everyone
M&E/Catering Manager
Make informed decisions on group inquiries to drive better revenue performance.
Director of Sales
Gain access to key trends and performance measures. Increase sales efficiency and performance.
General Manager
Quickly access critical business data to help increase function-space revenue for underutilized meeting space.
IDeaS SmartSpace
IDeaS SmartSpace is a cloud-based strategy tool that provides quick and easy access to critical business data to help increase revenue from underutilized function space.
- Forecast Demand
- Inquiry Trends
- Pricing Strategy
- Conversion Insights
- Increase revenue by forecasting future demand more accurately
- Understand and respond to lost and denied business
- Quickly identify changes in demand profiles and trends, such as lead time and event size
- Predict demand trends to maximize opportunities
- Set pricing levels based on demand to maximize revenue
- Create an individual strategy for each meeting space and pricing method
- Gain visibility into sales performance and efficiency
- Increase revenue by focusing on high-value bookings
IDeaS Function Space Revenue Management
Integrated with IDeaS Revenue Management System, IDeaS Function Space Revenue Management helps to optimize profits across more of your revenue streams—everything from guest rooms and meeting spaces to food and beverage, catering, A/V equipment rental and more.
- Demand Calendar
- Group Evaluation
- Quickly understand need dates to power selling strategies
- Gain visibility into the forecast and utilization details
- Leverage scientific analytics to optimize the profitability of each group or event opportunity
- Quickly understand value of displacement on guest rooms
- Receive relevant recommendations on rates and alternative dates
Client Success
Thwaites
Thwaites aligns rooms plus meetings & events strategy to grow revenue across the hotel.
Read story
Radisson Hotel Group
SmartSpace empowers better business decision-making at Radisson Hotel Group.
Read story
Lindner Hotels AG
Lindner Hotels Boosts Meetings & Events Profitability with Analytical Revenue Management
Read storyDriven to see you thrive.
Your sustainable growth, profitability and satisfaction are our top priorities—and our 98% client retention rate is a testament to that. We know and understand your challenges and provide a seamless delivery of tailored solutions. From our M&E industry experts to our data scientists, we lead every initiative with a client-centric approach to provide services and support you can count on.
