Hotel Online Special Report


IDeaS, Inc. Debuts Revolutionary 
Contract Evaluation Solution

IDeaS Revenue Management Deploys Automated Tool to 
Maximize Revenue from Long-Term Negotiated Contracts

MINNEAPOLIS, November 6, 2001 � IDeaS, Inc., a leading provider of revenue management solutions announced today that it is installing its new Contract Evaluation Solution in global hotel properties Europe and Asia. IDeaS Contract Evaluation Solution is an automated tool that enables hotel management and sales teams to maximize revenue from long-term negotiated contracts.  This revolutionary new solution automates the time-consuming and complicated process of evaluating contracts, providing a quick and easy way to accurately assess the impact of contracts and quote the most advantageous rates and terms. 

�IDeaS Contract Evaluation significantly contributes to streamlining the contracting process that all hotels go through.  From the ease of use, to the way that data is displayed, the Module speeds up the evaluation process and allows all contracts to be assessed and measured in the same way,� commented James Ruttley, Vice President of Client Services for IDeaS.  He added, �The reception that the tool has received from the first beta installation onwards has been marvelous. Having the expertise of the hoteliers within IDeaS and our clients, it�s no wonder this tool has been so well received. � 

According to Philip Schaetz, Revenue Manager - Germany, Hyatt International Hotels and Resorts, "It's stunning!  It's a very new way of working with our clients; a totally new philosophy that for the first time allows us to take a scientific approach to the business challenge of contract negotiations."

Contracts of different types can make up a significant portion of a business� revenue; therefore, the impact of making optimal decisions in contract negotiations can have a significant financial impact.  IDeaS Contract Evaluation Solution assesses numerous variables and providing hotels with more flexibility when making decisions on contracts.  According to Mr. Ruttley, �Hotels and chains worldwide must consider the displacement of other business, the types of rooms and access to the inventory being requested, the frequency of business and the overall impact of a particular business on their revenue management strategy.�  Contract Evaluation for corporate contracts is the first module of four to be deployed.  Future modules will address the specific needs of hotels to assess and negotiate contracts for aircrew, tour series and allotment business. 

About e-yieldTM Revenue Management Solution

The e-yield? Revenue Management Solution by IDeaS automates the decisions that accept the most profitable mix of business, selling hotel rooms at optimum prices. e-yield? is a scaleable enterprise solution that is customized to meet the precise requirements of each individual property, its unique characteristics and business practices. It is designed to analyze the demand in the marketplace, match the most profitable demand to available inventory and manage room inventory by automating the decisions on what reservations to accept at what prices, by managing overbooking, availability and length of stay. e-yield? is the only completely automated decision solution in the industry and the only solution to forecast group business.  It integrates seamlessly with core hotel technology systems, including PMS, CRS and S&C. The solution is available in property-based, centralized or ASP-based configurations.  e-yieldTM won the prestigious �World Class Solution� Award recognizing innovative, successful business intelligence implementations that provide true business value.

About IDeaS, Inc.

Integrated Decisions and Systems, Inc. �IDeaS� is the leading provider of revenue management solutions that deliver measurable, guaranteed revenue increases.  The company has invented analytic decision solutions that enable global clients to manage complex market segmentation, packaging, pricing and inventory management.  IDeaS solutions create compelling enterprise value: 1) Increased Revenue�guaranteed, 2) Higher Profits and 3) Enhanced Property Valuations.
IDeaS� founders pioneered innovative revenue management solutions for companies including US Air, Northwest Airlines and United Van Lines.  In 1996, IDeaS created a solution designed for the hospitality industry; fundamentally changing the practice of revenue management with automated decision execution solutions and guaranteed results. IDeaS clients include global hotel properties and chains, such as the Plaza Athénée Paris, the Opryland Hotel � Group, Vail Resorts, Hyatt International Corporation, Inter-Continental Hotels & Resorts, Hilton International, Millennium & Copthorne, Six Continents Hotels & Resorts, Mandarin Oriental Hotel Group and Kempinski Hotels and Resorts. IDeaS has been recognized as one of America�s entrepreneurial growth leaders in the �Inc 500�, �Software 500� and Deloitte & Touche�s �Fast 50.�

IDeaS, founded in 1989, is headquartered in Minneapolis, Minnesota. The company maintains technology development, support and sales offices in North America, the United Kingdom, Europe, Australia and Asia. For more information, visit www.eyield.com or call 651-905-3200.

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Contact:
Jill Gibbs
IDeaS, Inc.
(651) 905-3200
[email protected]
http://www.eyield.com
Also See: Inc Magazine Ranks IDeaS Revenue Management as one of the Nation�s Fastest Growing Companies / Oct 2001
Hôtel Plaza Athénée Paris Installs IDeaS e-yieldTM Revenue Management Solution / Oct 2001
IDeaS named one of Minnesota�s Fastest Growing Technology Companies in Deloitte & Touche 'Fast 50' Program / Aug 2001 
Experienced hotelier James Ruttley To Lead IDeaS Client Services Organization in Maximizing Client Benefits / Sept 2001 
Millennium Hotels and Resorts Proceeding with the Installation of the IDeaS Yield Management Solution at More European Properties / Mar 2000 
With Slight Slip in Occupancy The Movenpick Hotel Munich Airport Increases ADR Using IDeaS e-yield / April 2001 
Yield Management System Measurement / By Dr. Ravi Mehrotra /  IdeaS, Inc., June 1999 

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