The Dubai-based hotel Media One has expanded its relationship with Ideas Revenue Solutions.
The news means the hotel has cemented its relationship with the provider of revenue management software solutions and advisory services.
Mark Lee, general manager of Media One said: “We’ve been using the Ideas Revenue Management System (RMS) with great success since 2010. We decided to transition to Ideas G3 Revenue Management System to take our demand forecasting and pricing decisions to even higher levels. In today’s market, investing in powerful analytics gives us a strategic advantage over the competition.
“We’re particularly excited to extend strategic revenue management beyond our guest rooms. Meetings and events are an extremely profitable area for growth and Ideas has a comprehensive product suite that automates our revenue strategy into our function space.”
Fabian Specht, EMEA managing director for Ideas said: “Statistics show that analytical revenue technology helps hotels yield more in challenging market conditions.
“It’s exciting to continue our partnership with Media One as they invest in an even more successful future. As the global market leader in hotel revenue technology, Ideas G3 RMS offers Media One the best approach for profitably managing revenue.”