First Buddha-Bar Hotel to implement IDeaS

Buddha-Bar Hotel in Prague enhances its revenue management approach with IDeaS Revenue Management System (RMS)

CPI Hotel and winner of TripAdvisor's "Certificate of Excellence Hall of Fame," the Buddha-Bar Hotel Prague, opened in 2009, recently announced implementation of IDeaS Revenue Management System (RMS) for an insightful and more profitable revenue opportunities, as Veronika Fajčíková, general manager of the Buddha-Bar Hotel Prague declared:

"Pricing and the ability to impose length of stay restrictions are essential to managing demand, and we realized we needed to take our revenue management process above and beyond to obtain the sophisticated analysis and automation that our hotel deserves. After a comprehensive cost/benefit exercise, we were confident that IDeaS was the best option available and that the hotel would see substantial benefits. The high standards we set for ourselves were matched by the team at IDeaS, and with SAS analytics driving IDeaS technology, we knew we were buying into a world-class solution."

IDeaS RMS supports the hotel's business by in-depth analyzing key metrics of hotel performance indicators. Fabian Specht, EMEA managing director for IdeaS, added about the recent IDeaS revenue deal:

"Revenue management for a hotel, especially one with a brand as vibrant as the Buddha-Bar Hotel, requires deep analysis of the market and highly accurate pricing forecasts. IDeaS has a 25-year track record of working across all different types and sizes of hotels, so we can leverage a wealth of relevant experience for any property. For the Buddha-Bar Hotel team, we are able to provide meaningful insight and advanced analytics combined with efficient automation across all sales channels, effectively supporting both the revenue management and sales functions in their efforts towards a better revenue performance."

Powered by SAS®, IDeaS Revenue Solutions is the world leading provider of management software solutions and advisory services, guiding the hoteliers into a better management of hotel pricing data. With more than 25 years of experience, IDeaS empowers more than 7,000 clients in 94 countries and focuses on a simple principle: Driving Better Revenue.