Radisson Hotel Group has implemented IDeaS RevPlan across 147 hotels in its Europe, Middle East and Africa portfolio, with more expected soon. Released by IDeaS in 2020, RevPlan is a standalone, cloud-based product built to complement its flagship RMS products. RevPlan supports budgeting and forecasting a hotel’s total business, including food-and-beverage outlets.
IDeaS RevPlan aims to help Radisson Hotel Group’s revenue managers save approximately one day per week in time previously spent on manual, spreadsheet-based forecasting. RevPlan also helps Radisson Hotel Group’s leaders make informed long-term business decisions by understanding the projected financial impact of proposed changes to strategy and tactics, according to the company
“RevPlan empowers revenue managers to be the guardians of total revenue optimization, applying data-driven, dynamic forecasting to all revenue streams, including rooms, food and beverage and meetings and events," said Gianni Di Fede, Radisson's SVP revenue management, BI and distribution, EMEA. "RevPlan has freed up almost one day a week of our revenue managers’ time. What we previously did on a daily basis, segment by segment, we now only have to focus on the exceptions and calibrate as necessary. This gives us more time for strategy, and more time for strategy means more profitability.”
“IDeaS’ lasting partnership with the Radisson Hotel Group is built on a shared vision for making total revenue management, forecasting and budgeting possible," said Sanjay Nagalia, COO and chief technology officer, IDeaS. "With RevPlan, we bring Radisson Hotel Group closer to achieving this vision than ever before by delivering advanced forecasting with cutting-edge automation at the click of a mouse.”