Millennium Hotels and Resorts has signed a new global agreement with IDeaS Revenue Solutions. MHR has worked with IDeaS for more than 18 years and currently deploys the IDeaS revenue-management system at 50 of its more than 130 hotels around the world. The new agreement will allow MHR to roll out the system across additional MHR properties, with a view to improving performance and profitability across the portfolio.
“The complexity of the global hotel market demands responsive and effective support from our key technology suppliers,” said Nayan Peshkar, senior vice president of digital, distribution and revenue strategy at MHR, in a release.
Powered by advanced analytics and more than 28 years of innovation in hospitality technology, IDeaS RMS equips clients with a clear vision into property data through pricing, forecasting and optimization strategies, giving hotels greater control over business performance.
Millennium, operator of the Millennium Hotels, Grand Millennium Hotels, Copthorne Hotels, and Kingsgate Hotel chains, hotels in 79 business and leisure destinations in Asia, Australasia, Europe, the Middle East, and North America.