Preferred Hotels expands IDeaS RM technology to more than 100 properties

Preferred Hotels, like the The Chateau Elan, uses IDeaS to price and inventory control by room class and length of stay. Photo credit: IDeaS Revenue Solutions

More than 100 Preferred Hotels and Resorts properties have installed IDeaS Revenue Solutions’ revenue-management technology. Through pricing, forecasting and optimization strategies, Preferred Hotels and Resorts' properties now have greater control over business performance.

In 2018, Preferred Hotels & Resorts is celebrating 50 years of providing travelers with unique, luxury independent hotel experiences. Select hotels, comprising 22,000 rooms, within the brand’s global portfolio use IDeaS' advanced analytics to confidently book the right room for the right guest at the right price at all times. The brand is using this approach to pricing and inventory control by room class and length of stay, managing the tactical duties and allowing users to be more strategic.

“For over 10 years, IDeaS has been an integral member of the Preferred Hotels and Resorts alliance partner program,” said Michael Osgood, VP of Alliance Partnerships for Preferred Hotels & Resorts, in a statement. “IDeaS has played a key role in the technology transformation of our properties.”

Virtual Event

Hotel Optimization Part 3 | January 27, 2021

With 2020 behind us and widespread vaccine distribution on the horizon, the second half of the new year is looking up, but for Q1 (and most likely well into Q2) we’re very much still in the thick of what has undeniably been the lowest point of the pandemic. What can you be doing now to power through and set yourself up for a prosperous 2021 and beyond? Join us at Part 3 of Hotel Optimization – A Virtual Event on January 27 from 10am – 1:05pm ET for expert panels focused on getting you back to profitability.

IDeaS also offers the assistance to better align its properties' people, processes and technology with IDeaS Advisory Services to ensure that everyone within the team is focused on revenue performance and has the tools to succeed. IDeaS Advisory Services employs a proven, three-phase process for smoothly moving clients from assessment, process optimization and coaching through permanently embedding revenue centricity into every individual action taken and collective decision made.