IDeaS has introduced channel forecasting dashboard for IDeaS G3 revenue-management system, allowing for profitable decision-making across all channels. Available to clients with channel costs loaded into G3 RMS, the channel forecast dashboard helps hospitality organizations 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 key performance indicators.
IDeaS G3 RMS uses analytics and reporting to reveal net revenue-based insights, allowing hospitality organizations to optimize distribution and marketing strategies to attract and retain the most valuable guests.
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.
The customizable channel forecast and business insights dashboards in G3 RMS provide visibility into channel and source data. Metrics can be viewed for past periods and forecasted for future periods. Metrics include net channel average daily rate, revenue per available room, revenues, and costs.
“Maintaining a well-oiled, proactive distribution strategy is crucial for hotels and resorts," IDeaS Co-Founder, COO and CTO Sanjay Nagalia said in a statement. "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.”