Two hotel technology leaders work together to optimize revenue for all hotels
COMPANY NEWS: IDeaS, the world’s leading provider of revenue management software and services, and RMS Cloud, a provider of property management software and scalable technologies for the hospitality industry, today announced a partnership to maximize occupancy and increase hotelier revenue through an advanced technology integration that provides superior visibility into pricing strategy and enables smarter decisions to drive greater revenue.
Through this partnership, IDeaS and RMS Cloud have built a two-way interface between RMS Cloud’s hotel PMS and IDeaS’ revenue solutions. The partnership facilitates the seamless transfer of data between systems to further automate and optimize key revenue management tasks, such as analytically derived pricing decisions.
Improved integration between IDeaS and RMS Cloud makes it easy for hoteliers to leverage advanced analytics to flexibly price products such as advance purchase, loyalty, packages, promotional rates, extended stays, opaque channels , etc. This in turn provides customers with tailored product offerings based on unique demand profiles. The unique capabilities of Agile Rates allow hoteliers to employ a more powerful pricing strategy and not leave revenue on the table.
“In order to attract guests at the right price and maximize revenue in today’s disrupted market, hoteliers need to have an integrated technology stack to ensure all their systems work together seamlessly to support recovery. of the activity. The partnership between IDeaS and RMS Cloud will enable seamless transfer of data between the PMS and RMS, eliminating the need for manual data processing, freeing up time for revenue managers to focus on what really matters: growth business and revenue,” said Klaus Kohlmayr, Chief Evangelist and Head of Development, IDeaS.
The two systems will sync regularly and automatically update rates as scheduled several times a day, saving time and allowing the machine learning algorithm to get smarter with each new data entry.
“We are excited to continue our partnership with IDeaS and bring market-leading revenue management technology to our users at RMS Cloud. The intuitive nature of IDeaS’ technology is impressive as it takes the guesswork out of setting rates and increasing yield, providing hoteliers with a goal-oriented tool to effectively maximize their performance in revenue,” said Peter Buttigieg, general manager of RMS Cloud.
IDeaS, a SAS company, is the world’s leading provider of revenue management software and services. With over 30 years of expertise, IDeaS provides revenue science to over 18,000 clients in 145 countries. Combining industry insights with innovative data analytics technology, IDeaS creates sophisticated yet simple ways for revenue managers to make accurate, automated decisions they can trust. Results delivered. Income transformed. Discover greater profitability at https://ideas.com/
About RMS Cloud
RMS Cloud is a leading global software company that provides flexible and scalable technology for the hospitality industry. Trusted by 6,000 properties in 43 countries, RMS Cloud’s PMS software is designed for operational efficiency and effectiveness and can be customized for your business strategy. Always on the cutting edge of technology, RMS Cloud helps hosting companies increase revenue and streamline operations, freeing up staff time to meet customer needs. https://www.rmscloud.com/
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