IDEAS HAS LAUNCHED the G3 RMS Portfolio Navigator for automating multi-property revenue management. The tool analyzes business and market trends to identify revenue opportunities and necessary actions, while streamlining strategy decisions for individual properties and enabling swift responses to market changes for optimal revenue generation, IDeaS said in a statement.
“IDeaS is committed to ensuring our customers, regardless of size, have the tools they need to become more efficient and productive,” said Sanjay Nagalia, IDeaS’ cofounder, COO and chief technology officer. “The addition of Portfolio Navigator to our flagship product, G3 RMS, is a game changer for multi-property revenue management. It helps teams highlight suboptimal business or system conditions by property, prioritize tasks with the highest revenue impact, display outstanding revenue tasks by individual property and scale revenue operations and brand contribution. This functionality helps revenue management leaders turn insights into impactful commercial actions at scale.”
Multi-property revenue management teams often struggle to promptly grasp and respond to crucial decisions, IDeaS said. They utilize various tools and data sources to monitor trends, pickup changes, forecasts, pricing, and market position. However, these approaches lack scalability and fail to address essential concerns for multi-property revenue leaders. Portfolio Navigator enhances G3 RMS capabilities, offering solutions to their critical questions, the company said.
Property and team member key performance indicators are centralized on a single dashboard, allowing corporate or cluster users to swiftly gain a real-time overview of their portfolio's business health and individual team member performance, the statement added.
The platform offers a centralized view of all properties' performance and acts as a single point for deploying revenue management decisions and system configuration changes, it said. This time-saving feature eliminates the need for tedious adjustments to individual property revenue management systems.
Accor recently selected IDeaS as global revenue management provider for more than 5,600 hotels in 110 countries, aiming to future-proof strategy with technology for competitive edge and value delivery.
