IDeaS Introduces Channel Forecasting for G3 RMS, Delivering Pivotal Insights Into Channel Demand and Costs

Industry-First Channel Forecast Dashboard Will Help Hoteliers Maximize The Profitability of Commercial Strategies

USA, Minneapolis, Minnesota. June 23, 2022

IDeaS, a SAS company, the world's leading provider of hospitality revenue management software and services, announced today an industry-first Channel Forecasting Dashboard for IDeaS G3 Revenue Management System (RMS), empowering more profitable decision-making across all channels.

Available to clients with channel costs loaded into G3 RMS, the Channel Forecast Dashboard provides hospitality organizations with an unrivaled ability to monitor and manage channel performance and costs to better understand the profitability of both direct and indirect business and report on and forecast net channel KPIs.

  • Commercial optimization - IDeaS G3 RMS uses powerful analytics and reporting to reveal net-revenue-based insights, empowering hospitality organizations to optimize distribution and marketing strategies to attract and retain the most valuable guests.
  • Channel-demand forecasting -The new dashboard delivers real-time insights to better understand and forecast future occupancy, costs, and net KPIs, by channel to aid in optimizing commercial strategies and tactics.
  • Performance tracking - The customizable Channel Forecast and Business Insights dashboards in G3 RMS provide unprecedented visibility into channel and source data. Metrics can be viewed for past periods and forecasted for future periods. Metrics include net channel ADR, RevPAR, revenues, and costs.

Sanjay Nagalia, co-founder, COO, CTO, IDeaS, said: "Maintaining a well-oiled, proactive distribution strategy is crucial for hotels and resorts. Now's the time for hoteliers to maximize channel performance, boost their profit potential and attract the most profitable guests, through direct distribution channels, leveraging data-driven commercial strategies. Channel forecasting for G3 RMS empowers IDeaS' clients with a distinct competitive advantage as travel demand surges once again."


IDeaS Channel Forecast Dashboard
/ SLIDES
Tags: revenue management, RMS, technology, G3 RMS

About IDeaS - A SAS Company

Business Contact:

Kim Dearborn
Public Relations Manager
IDeaS
T: +1 909-455-4316
E: [email protected]
W: http://www.ideas.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 August 2022...

Food & Beverage: Remarkably Resilient


In the wake of the devastation that disrupted every aspect of their operations, the hotel food & beverage industry is proceeding with cautious optimism and a measure of hope as it re-emerges from the pandemic's darker days. It is also bringing forward all the lessons learned from the challenges that were faced, and integrating them into their current, day-to-day operations. For example, new digital interfaces that minimize physical contact, including tableside ordering systems and QR code menus. Here to stay are also features such as packaged room service meals and cocktails; on-property, quick-service food options; a greater emphasis on outdoor dining and pop-up restaurants; gourmet home meal kits; live-streamed cooking classes; and virtual wine-tastings. Still, some challenges remain, such as coping with a persistent labor shortage and maintaining scrupulous sanitation standards. The August issue of the Hotel Business Review will report on what some leading hotels are doing to integrate these changes into their F&B operations as they rebound with a remarkable resiliency.