Provenance Hotels expanded its relationship with IDeaS Revenue Solutions. With nine properties currently running on the flagship IDeaS revenue-management system, Provenance's entire portfolio is slated to transition to IDeaS G3 revenue-management system.
"We are very excited to transition all of our hotels to IDeaS G3 RMS as part of Provenance Hotels' strategic investment to elevate our revenue management and distribution platforms,” Leslie Lew, VP of revenue strategy for Provenance Hotels, said in a statement. “This is technology designed for the decade ahead, while our competitors are operating on systems designed for the previous two decades.”
"Provenance looks forward to the added benefit of IDeaS' analytics and business insights to improve revenue, market share and profitability to strengthen our competitive advantage as profit-focused hotel operators. As more and more data becomes available, we count on IDeaS' superior analytics to cut through the 'data noise' and give our revenue leaders actionable intelligence at their fingertips – focusing on improving results rather than drowning in data.”
Provenance Hotels owns and operates unique independent hotels, each with their own hand-crafted story, with several hotels under active development. Prior to implementing the current system in 2012, Provenance Hotels executed revenue-management strategies through highly manual processes in central-reservation systems and property-management systems. Upon implementing IDeaS' RMS, Provenance Hotels saw consistent share growth in all represented markets.