Press Release
April 24, 2001
MINNEAPOLIS, MN -- IDeaS, Inc., a leading provider of revenue management Solutions for hotels, announced yesterday
the Mandarin Oriental Hotel Group MOHG named IDeaS as its revenue management partner with installation of its e-yield(TM)
Revenue Management Solution in selected properties throughout 2001.
Following a review of all Revenue Management vendors, IDeaS was selected to conduct a trial at one of MOHG's leading
properties. Measured impact of the system showed increases in RevPAR well over IDeaS guarantee. It was also noted
that the position of the hotel relative to their competitive set had also strengthened significantly.
``We saw the implementation of IDeaS as the next logical step in our Revenue Management initiative. They promised
significant results and more importantly delivered these results in a thoroughly professional manner. The system
is impressive and works well to compliment the existing revenue management practices in the MOHG properties.''
said Michael Hobson, Sales and Marketing Director, for the Mandarin Oriental Hotel Group.
``We were very pleased with the results at the trial property'' said Grahame Tate, IDeaS' Managing Director for
Asia/Pacific. ``We are looking forward to installing e-yield in many of the other Mandarin Oriental properties
and producing similar results.''
About Mandarin Oriental Hotel Group
Mandarin Oriental Hotel Group is the award-winning owner and operator of some of the world's finest hotels. The
Group operates luxury hotels in key leisure and business destinations worldwide, with a hotel under development
in New York (opening late 2003). In total, Mandarin Oriental operates 7,000 rooms and employs almost 9,000 staff
in three continents.
About e-yield(TM) Hospitality Revenue Management
The e-yield Revenue Management Solution enables hotels, chains and resorts to maximize total revenue and increase
revenue per available room (RevPAR) by automating decisions that accept the most profitable business mix. The e-yield
application suite is designed for seamless integration with core hotel technology systems, including property management,
central reservation and sales & catering.
The e-yield solution is available in property-based, centralized or ASP-based configurations. It can be deployed
across Windows(TM) and UNIX platforms and is compatible with relational database management systems (RDBMS) such
as Oracle and Informix. Modeled on client/server architecture, the IDeaS client applications are available on Microsoft
Windows 95/98/2000 and Windows NT. Server applications are available on Windows 2000, Windows NT and UNIX. A web-based
user interface allows clients to remotely access e-yield from any browser. The only completely automated decision
solution in the industry, e-yield is also the only solution to forecast both group and transient demand, and the
only solution to calculate the value of each type of demand.
About IDeaS, Inc.
Integrated Decisions and Systems, Inc. ``IDeaS'' is a leading provider of revenue management and optimization solutions.
The company has invented analytic decision technology that enables global clients to manage complex market segmentation,
packaging, pricing and inventory management. IDeaS guarantees increased revenue to its clients.
IDeaS' founders pioneered innovative revenue management solutions for companies including US Air, Northwest Airlines
and United Van Lines. In 1996, IDeaS created a solution designed for the hospitality industry, fundamentally changing
the practice of revenue management with automated decision solutions and guaranteed results. IDeaS clients include
Hyatt International Corporation, Bass Hotels & Resorts, Inter-Continental Hotels & Resorts, Hilton International,
Millennium & Copthorne, Mandarin Oriental and Kempinski Hotels and Resorts.
IDeaS, founded in 1989, is headquartered in Minneapolis, Minnesota. The company has technology development centers
at its headquarters and India. The company provides 24/7 first-shift support through its offices in North America,
Europe and Asia. IDeaS maintains sales offices in North America, Europe, Australia and Asia. For more information,
visit www.eyield.com or call 651-905-3200.
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Contact:
IDeaS, Inc., Minneapolis
Nikki Powers, 651/905-3298
nikki.powers@eyield.com