Revenue Optimization for Hotels

We provide software and services to help you:

• Access, integrate and cleanse data: Effective pricing requires detailed data on guest purchase behavior. This data is captured by disparate transactional systems like property management, central reservations and customer relationship management. SAS enables you to access, integrate and cleanse this data, as well as incorporate other influential data from rate shopping engines, Web behavior, or benchmarking providers.
• Generate large quantities of forecasts quickly: Optimal pricing strategies require hundreds of thousands of forecasts, frequently updated as business conditions change. SAS enables you to generate large quantities of high-quality forecasts quickly and automatically.
• Improve forecast performance: With multiple forecasting methods, hierarchical forecasting capabilities, automatic model selection, exception and outlier management and superior scalability, you can be confident in your demand forecast and, ultimately, in your pricing strategy.
• Develop optimal pricing strategies: Robust, flexible and interactive optimization tools provide a platform for determining the optimal pricing strategy to maximize revenue and profits, taking into account demand forecasts, market conditions and operating constraints.

SAS provides the tools to augment your revenue management and price optimization strategy, giving you access to the state-of-the-art operations research analytics and powerful data management tools essential to solving this complex problem.

If you are looking for end-to-end solutions that provide advanced pricing analytics and automate data access and push pricing to all distribution channels, IDeaS, a SAS company, provides software and services to help you:

• Increase revenue and profits. IDeaS V5i pricing algorithms accurately assess the price sensitivity of demand by market segment for your rooms and set revenue-maximizing pricing strategies.
• Reduce the risk of aggressive pricing policies. Account for competitive intelligence by identifying your competitive set and having the option to incorporate its published online rates into the pricing decision.
• Design pricing strategies to attract only the most valuable demand. Protect against variability by forecasting unconstrained demand and accounting for uncertainty.
• Detect and incorporate changing market conditions into pricing decisions automatically. Pattern-recognition algorithms identify changes in the data and determine whether they represent one-time events or shifting trends.
• React in real time to market changes. Help ensure maximization of revenue in high- or low-demand periods using IDeaS V5i, which models real-world inputs and recommends the best mix of business to achieve your revenue potential.
• Save manual labor and increase accuracy. Automate the pricing update process on distribution channels. Two-way, seamless integrations with most transactions systems ensure that pricing is automatically and accurately updated everywhere the inventory is sold.
• Reduce the burden on the IT department. Speed up time to ROI and increase accessibility of the solution by using the IDeaS software-as-a-service (SaaS) delivery methodology, online support and training, and easy-to-use GUI.

IDeaS V5i Revenue Optimization provides the end-to-end revenue optimization support necessary to manage this complex function, and its interactive GUI and SaaS methodology helps ensure it is accessible to a wide range of property types and user skill levels.

• SAS’ comprehensive data management products enable you to extract, cleanse, transform, aggregate, load and manage the detailed guest purchase behavior data required for revenue management and price optimization.  
• SAS forecasting automatically performs large-scale forecasting tasks and provides multiple, advanced forecasting methods like hierarchical forecasting to support the detailed and complex hospitality demand forecasting problem. 
• SAS/OR offers the broadest available spectrum of operations research modeling and solution techniques, and includes state-of-the-art advancements in mathematical optimization to support revenue- and profit-maximizing pricing strategies.
• IDeaS, a SAS company, provides end-to-end, seamlessly integrated revenue optimization solutions through SaaS delivery methodology, which provides advanced forecasting and optimization algorithms while decreasing time to ROI and reducing the burden on overtaxed IT departments.