147 Radisson Hotel Group properties invest in new technologies to generate significant time savings and organizational alignment
LONDON – October 13, 2021 – IDeaS, a SAS company, the world’s leading provider of hotel revenue management software and services, announced today that Radisson Hotel Group has implemented IDeaS RevPlan™ in 147 hotels across its EMEA portfolio, and counting.
Launched by IDeaS in 2020, RevPlan is a standalone, cloud-based solution built to complement its flagship RMS products. RevPlan removes the pain points from the budgeting and forecasting process for the entire hotel business, including food and beverage outlets.
- Automated efficiency – IDeaS RevPlan allows Radisson Hotel Group revenue managers to save approximately one day per week of time previously spent on manual, spreadsheet-based forecasting. This time saving has translated into unlocking resources for implementing profitable recovery strategies.
- Informed planning – RevPlan provides Radisson Hotel Group leaders with the ability to make smart, long-term business decisions by understanding the projected financial impact of proposed changes in strategy and tactics.
- A single source of truth – RevPlan provides forecast clarity and ease of use to the entire Radisson Hotel Group organization, including revenue managers and general managers, as well as group-level executives, including those responsible for finance.
Gianni Di Fede, senior VP revenue management, BI and distribution, EMEA, Radisson Hotel Group, stated: “RevPlan empowers revenue managers to be the guardians of total revenue optimization, applying dynamic, data-driven forecasting to all revenue streams, from rooms and food and beverage to meetings and events. RevPlan has freed up nearly one day a week of our revenue managers’ time. What we previously did daily, segment by segment, we now only need to focus on exceptions and calibrate if necessary. This gives us more time for strategy, and more time for strategy means more profitability.”
Matthieu Lafaurie, head of The Club (revenue management for hire) and revenue projects, Radisson Hotel Group, stated: “Automated technology is key to gaining precious time in our operations and making our lives easier. RevPlan allows us to be more agile than we could ever work manually via spreadsheets, and the tool integrates very well with IDeaS G3 RMS.”
Sanjay Nagalia, chief operating officer and chief technology officer, IDeaS, stated: “IDeaS’ long-standing partnership with Radisson Hotel Group is built on a shared vision to make total revenue management, forecasting, and budgeting possible. With RevPlan, we are bringing Radisson Hotel Group closer to realizing this vision than ever before, providing advanced forecasting with state-of-the-art automation just a mouse click away.”
About IDeaS
IDeaS, a SAS company, is the world’s leading provider of revenue management software and services. With over 30 years of experience, IDeaS delivers revenue management science to more than 16,000 clients in 144 countries. Combining industry knowledge with innovative data analysis technology, IDeaS creates sophisticated yet simple ways to empower those involved in revenue management with precise and automated decision-making tools they can trust. Results are delivered on time. Revenue transformed. Discover superior profitability at ideas.com.
About Radisson Hotel Group
Radisson Hotel Group is one of the world’s largest hotel groups, with nine distinct hotel brands and more than 1,500 hotels in operation and under development in 120 countries. The group’s overall promise is Every Moment Matters with the signature service philosophy Yes I Can!. The Radisson Hotel Group brand portfolio includes Radisson Collection, Radisson Blu, Radisson, Radisson RED, Radisson Individuals, Park Plaza, Park Inn by Radisson, Country Inn & Suites by Radisson, and Prizeotel, all brought together under one commercial umbrella with the Radisson Hotels brand. For more information, visit https://www.radissonhotels.com/en-us/corporate.
Frequently Asked Questions
What is IDeaS RevPlan?It is a cloud-based solution designed to automate budgeting and forecasting for hotels, covering rooms, food and beverage, and events.
How much time does Radisson save with this tool?Revenue managers save approximately one day per week, allowing them to focus more on strategy and profitability.
How many Radisson properties are using RevPlan?Initially, 147 properties across the EMEA region have implemented the solution, with more expected to follow.