Adagio, Europe's leading provider of hotel management, has announced the implementation of the IDeaS G3 revenue management system across its extensive portfolio of properties.
This new state-of-the-art system has been designed and adapted to maximize revenues and meet the operational priorities of hotel residences offering medium and long-term stays, and to date, the Adagio group has already implemented this solution in 40 aparthotels, anticipating that it will be extended to all European sites by the end of 2024.
The core functions of IDeaS G3 are to optimally forecast demand, manage availability, and practice fair pricing that are at the heart of the revenue management challenges at the heart of the hospitality industry.
Addressing these critical tasks efficiently for aparthotels requires the implementation of decision support tools specifically designed to maximize revenue in extended-stay properties.
The IDeaS G3 system enables the team to dynamically make informed pricing decisions and maximize site profitability.
IDeaS G3 purely designed and based on advanced analytics features offers several tasks to best meet Adagio's needs by generating real-time market, controlling competitive developments, greater forecast accuracy, automated decision-making and most importantly optimized for revenue management across a wide range of product offerings by room type and length of stay.
The IDeaS G3 system also enables the team to dynamically make informed pricing decisions and maximize site profitability.
During implementation, each site receives precise supervision to minimize business disruption and ensure optimal conditions.
The use of this new sophisticated and powerful tool will revolutionize the working dynamics of revenue management teams by refining their knowledge of the market and analytical skills.
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