MINNEAPOLIS—IDeaS Revenue Solutions, the leading provider of pricing and revenue management software, services and consulting to the hospitality industry, today announced that it has been named the exclusive revenue management solutions provider of Kimpton Hotel and Restaurant Group. Under the agreement, which deepens the companies’ seven-year partnership, the IDeaS Revenue Management System (RMS) will be implemented at all of the organization’s existing and future hotel properties.
“Over the years, we’ve worked alongside IDeaS to instill a more cohesive, analytical approach to revenue management and gain more insight and control over our forecasting and pricing strategies for multiple properties,” said Megan Thibaudeau, Senior Director, Revenue Systems and Analysis, Kimpton. “As Kimpton continues to expand, we believe IDeaS is well positioned to grow with us and support our strong culture of performance.”
IDeaS’ partnership with Kimpton, based in San Francisco, Calif., began in 2006, when the company implemented the IDeaS RMS to help automate revenue management strategies at multiple properties. Providing reliable, up-to-date information at revenue managers’ fingertips, the IDeaS RMS allows revenue managers to spend less time collecting data and more time developing effective pricing strategies. By tracking and analyzing historical and current business performance, the system enables properties to more accurately and strategically optimize demand and increase revenue.
“We are delighted to extend our partnership with Kimpton and continue providing them with best-in-class revenue management technology and service,” said Jane Stampe, Managing Director, Americas, IDeaS. “Their long-standing history with IDeaS demonstrates our deep understanding of their business, as well as our dedication and commitment to clients.”