Hotel Online  Special Report

Hotel Nikko San Francisco Implements maxim®
Revenue Management System 

CHICAGO, October 1, 2002 - Hotel Nikko San Francisco has implemented the maxim® revenue management and profit optimization system, offered by Yield Management Systems, L.L.C. (YMSI).  maxim®  is a state-of-the-art revenue management system for the hospitality and gaming industries.  maxim®  is the first Revenue Management Solution that blends advanced forecasting and optimization algorithms with extremely user-friendly navigation screens and tools.  These unique features ensure that maxim®  can be adapted for use in large or small hotels and in a variety of operating environments - the result is that each hotel can achieve the greatest returns on revenues and profits in the least amount of time.

maxim®  has been implemented at the Hotel Nikko San Francisco along with the epitomeTM Property Management System (formerly Paragon+), provided by Hotel Information Systems (HIS).  epitomeTM is highly compatible with maxim®  and the two systems are efficiently interlinked to provide an advanced revenue management solution. The technical organizations of both HIS and YMSI work closely together to smoothly coordinate customer support. maxim®  interfaces seamlessly with all major Property Management Systems.    

�We reviewed and evaluated all other revenue management systems, paying careful attention to cost as well as performance.� said John Hutar, Vice President and General Manager, Hotel Nikko San Francisco. �We installed maxim®  because we believe the system will quickly generate increased revenues and profits.  Our experience working with YMSI during the installation of maxim®  has been outstanding.  maxim®  has impressed us as a feature-rich system that combines superior ease of use with superior and powerful optimization and forecasting capabilities for both transient and group business.  Now that we have a successful installation at our hotel, we are closely evaluating maxim®  performance, as we anticipate that our parent company, JAL Hotels/Nikko International will strongly consider installing maxim®  at many other hotels.�

�We are delighted that our maxim® revenue management solution has been selected by Hotel Nikko San Francisco as their revenue management solution of choice,� said Steve Gelb, Managing Director of YMSI.  �Our solutions are geared towards maximizing profitability, not just top-line revenues � we are confident that maxim® will deliver significant measurable results for Hotel Nikko San Francisco.�

About YMSI
YMSI is a pioneer in the field of computerized revenue management. The founder of YMSI led the team that   performed ground-breaking research in the early-1980�s in mathematical forecasting and optimization to develop the very first revenue management system.  That same group of experts joined forces with YMSI to create maxim® for the hospitality industry Through its patented Marginal Value Engine (MVE) ,  maxim is the only Revenue Management System that offers Profit Optimization for the global hospitality industry. As opposed to other systems that only solve the top-line equation, maxim? forecasts and optimizes the net profit contribution from every future reservation and guest stay. The result is an increase of at least 6% to the hotel�s bottom line, a promise that YMSI delivers upon every day in its 100�s of installations around the world! Offering the most sophisticated portfolio of Revenue Management tools available anywhere today, including group forecasting and management, contract and RFP evaluation, pricing, Intra-day optimization and 24/7 OnDemandSupport, maxim? is compatible with all PMS, CRS, GDS and Internet distribution channels. With the introduction of the new, exciting, customer-driven maximflex and maximE.flex systems, YMSI offers the ultimate in implementation flexibility along with the best ROI� and that�s the Bottom Line!! . Please visit www.maximRMS.com for more information.

Hotel Nikko San Francisco is located two blocks from Union Square and within walking distance of the financial, shopping, nightlife, theatre districts and the convention center.  Guests of the Hotel Nikko San Francisco can explore the very best that the city has to offer.  Offered throughout the 532 elegantly appointed guest rooms and 22 suites, is an unmistakable sense of comfort and intimacy.  In addition Hotel Nikko San Francisco offers the finest in meeting facilities and services.  The 18,000 square feet of flexible, above ground function space can be adapted for any kind of event from a board meeting of 25 to an elaborate gala for 700.  For more information please contact Hotel Nikko San Francisco at www.hotelnikkosf.com

About Hotel Information Systems 
Hotel Information Systems, Inc. (HIS) is a wholly owned subsidiary of MAI Systems Corporation (AMEX: NOW). HIS provides total enterprise management solutions, improving critical operations and profitability for global hotel organizations. For a complete demonstration or additional information about epitome Enterprise Solutions, please contact an HIS Client Solutions Representative at 1-800-497-0532 or visit the HIS website at http://www.hotelinfosys.com.

 

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Contact:
Sharon Sing
Yield Management Systems, LLC (YMSI)
 (402) 898-4122
[email protected]
http://www.ymsi.com

Also See maxim® Selected by Hyatt Hotels Corporation to Enhance Hyatt�s Revenue Management System / June 2002
Yield Management Systems, LLC releases revolutionary maximflex and maximE.flex Revenue Management Solutions / June 2002


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