The Eaton Chelsea, Toronto Hotel Selects New Revenue Management System
Friday July 12th, 2013 - 9:37AM W
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TORONTO—IdeaS Revenue Solutions has announced that the Eaton Chelsea, Toronto Hotel is implementing the IDeaS Revenue Management System (RMS). Coinciding with the property’s new management under Langham Hospitality Group, the IDeaS RMS will serve as the hotel’s analytical tool for driving more accurate demand forecasting and revenue.
“Like other properties in the Langham portfolio, we decided to implement the IDeaS RMS in order to achieve a higher level of analysis regarding our rate strategies,” Ron Pellerine, general manager of Eaton Chelsea, Toronto, said in a statement. “Particularly amid our upcoming re-brand, the system’s advanced forecasting analytics and reporting capabilities will allow our staff to make more effective and profitable pricing decisions.”
Offering an automated approach to revenue management, the IDeaS RMS enables properties to more accurately and strategically optimize demand and increase revenue. By providing reliable, up-to-date information at revenue managers’ fingertips, the IDeaS RMS allows revenue managers to spend less time collecting data and more time developing optimal revenue strategies.
Tags: • Hospitality •
When you hear all the lodging industry projections for the months and years to come, much of the robust growth is forecast to be the result of the expected influx of travelers from China. In what could only be seen as good news for the industry, that expectation moved a little closer to reality when President Obama signed a visa waiver extension for Chinese travelers earlier this month.