Boutique Resort, Belvedere Hotel Mykonos Turns to IDeaS to Manage, Control and Maximise Data

Popular Greek Hotel Leverages IDeaS' Revenue Technology and Advisory Services to Enhance Its Revenue Strategies

USA, Minneapolis, Minnesota. August 25, 2020

One of the "Leading Hotels of the World," the Belvedere Hotel Mykonos has selected IDeaS G3 Revenue Management System (RMS) to manage, control and maximise data. It also selected Revenue Architect, a revenue performance analysis service conducted by the IDeaS Advisory Services team. By leveraging this service, the hotel will be able to better understand the right revenue opportunities to pursue and how to capitalise on them.

With more than 15 different room types including luxury villas, rooms and suites, two restaurants and a spa, the elite hotel has the potential to maximise revenue beyond the guest room.

  • Iconic hotel sees rise in local competition - More than 600 new rooms open in Mykonos nearly every summer, including villas being renovated and turned into small hotels and bigger hotel chains opening in the area. The hotel looks to gain helpful insight from IDeaS G3 RMS to stay ahead of the growing competition.
  • The right room at the right price - Because its maximum revenue is generated during a small three-month window, owner Nikolas Ioannidis understands the importance of offering the right room at the right price in order to optimise his hotel's revenue.
  • Taking advantage of deep industry expertise - IDeaS provides a suite of strategic, hands-on services tailored to help each client build more revenue-centric teams and processes. Revenue Architect delivers a strategic blueprint and timeline for initiatives, identifies new and untapped revenue opportunities and prioritises the execution of high-impact initiatives.

Nikolas Ioannidis, owner, Belvedere Hotel Mykonos, said: "We believe the era where we can fill up rooms at high rates by doing nothing is gone. It's a competitive market out there, and we must grab every opportunity we can. We can upsell when we can, but when we cannot, we need to stay competitive. This aspect is difficult for humans to manage, and that's where revenue management technology becomes essential."

Dr. Ravi Mehrotra, president, founder and chief scientist, IDeaS, said: "We understand what it takes for boutique hotels to remain competitive. It is more important than ever before that hotels of every size begin to take advantage of the deep knowledge and insights our software and services can provide. We welcome Belvedere Hotel Mykonos to the IDeaS family."


/ SLIDES
Tags: revenue management, RMS, technology, G3 RMS, advisory services

About IDeaS - A SAS Company

About Belvedere Hotel Mykonos

Media Contact:

Kim Dearborn
Public Relations Manager
MFC Public Relations
T: 909-455-4316
E: kim@mfcpr.com
W: http://www.mfcpr.com

Subscribe to our newsletter
for more Hotel Newswire articles

Related News

Choose a Social Network!

The social network you are looking for is not available.

Close
Coming up in December 2020...

Hotel Law: Protecting Guest Privacy

Every business is obligated to protect their customers from identity theft but unfortunately, data breaches have become all too common. In an effort to protect a guest's right to privacy and to safeguard their personal data, the European Union passed a General Data Protection Regulation (GDPR) that could hold hotels legally liable for any breaches that expose a customer's sensitive personal information. Though the GDPR only pertains to EU citizens' data, any international business that mishandles their data can be legally responsible. Another legal issue of concern is the fight involving hotel "resort fees." Several states attorney generals have recently filed suit against two major hotel chains in an effort to litigate this practice. Their suit alleges that these companies are "engaged in deceptive and misleading pricing practices and their failure to disclose fees is in violation of consumer protection laws." The suit seeks to force the hotel chains to advertise the true price of their hotel rooms. There are several other legal issues that the industry is being forced to address. Sexual harassment prevention in the workplace is still top of mind for hotel employers-particularly in New York and California, which now statutorily require harassment training. Hotels and motels in California will also soon be required to train all their employees on human trafficking awareness. Immigration issues are also of major concern to hotel employers, especially in the midst of a severe labor shortage. The government is issuing fewer H2B visas for low-skilled workers, as well as J-1 visas for temporary workers. Though there is little hope for any comprehensive immigration reform, hotel lobbying groups are actively seeking legal remedies to alleviate this problem. These are just a few of the critical issues that the December issue of the Hotel Business Review will examine in the area of hotel law.