Integrations

Technical specifications

Advisor

Advisory Services

Reach out to one of ExploreTECH`s experts

Angie Lacia

Hotel distribution optimization expert

About Angie Lacia

Overview

Launch year

2014

Compatible integrations

Add-on to

Function Space Revenue Management (FSRM) integrates with G3 RMS. It automates profit optimization across your Meetings and Events (M&E) operation with powerful forecasts, an interactive demand calendar, and profit-based price evaluation capabilities.

The scientific predictive analytics behind IDeaS FSRM optimize the profits associated with your most critical revenue streams that account for guest rooms, function space, food & beverage, group costs, and ancillary spending.

Details

Infrastructure detailsCloud, Multi-Property

Support languagesEN

CategoryCommercial and distribution

SubcategoryRevenue Management System (RMS)

Integrations

Integrates with the major sales and catering systems

IndustryHospitality

Screenshots, videos and other resources

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Product features

Hospitality Reporting And Data Analytics

Booking Pattern Analysis

Daily Reporting

Dashboarding And Data Visualization

Multi-Property Dashboard

Pickup Analysis

Report Exporting

Reporting And Analytics

Revenue Analysis

Revenue Pacing

Scheduled Reports

Forecasting RMS

Unconstrained Demand Forecast

Day of week forecasting

Unconstrained Demand Forecast by segment and room type

Demand Pace Analysis

Function Space Forecasting By Space

Market Intelligence Data

Competitor Benchmarking

Optimization Cycles

Multiple Times A Day

RMS Optimization Levels

Displacement Analysis

Event Data

Market Segment

Market Segment By Room Type

Price value recommendations

Customizable Data Hierarchies

Profit Based Optimization

RMS Pricing

365 Days Rate Management

Daily Pricing / BAR pricing

Dynamic Price Room Type Hierarchy Control

Dynamic Pricing

Dynamically and Independently Price Different Room Types

Function Space

Group Pricing And Evaluation

Manage Exceptions / Manual Overrides

Open Pricing

Price Explanation

Set Minimum And Maximum Price Limit

Productivity Tools

Alerts And Notifications

Automated Room-Type Pricing

Controlled Automation/Algorithm Customization

Guided workflows

Mobile Optimized/Responsive

Multi-Property Management

Single Sign-On (SSO) Feature Available

What-If Scenario Analysis

Centralized User And Role Management

Optimized And Automated Data Entry

Workflow alerts

System Generated Decisions

Alternate Property Recommendations For Groups

Alternate Stay Date Recommendations For Groups

Data Explanation Summaries

Market Segment Pricing

Price Recommendation Per Room Type

Real Time Price Optimization

Competitor impacted pricing

Group pricing

Business mix optimization

Business Intelligence

Calendar View

Dynamic Pricing

KPI Dashboard

Net Revenue KPIs

Performance Data

Revenue Pacing

Occupancy On-The-Books (OTB) Data (if supported)

Market Segments Analysis (Discount, Leisure, Groups, Corporate, Retail, Government, Wholesale)

Pickup Analysis

Net revenue reporting

Meeting And Events Intelligence

Align Meetings And Events and Revenue Management Strategies

Booking Trends and Patterns For Meetings And Events Business

Group Pricing And Evaluation

Sales Management

Sales Analytics

Sales Data

Lead Nurturing

Support Level

Local / Regional Support in Middle East and Africa

Office Hours Online Support

24/7 Online Support

Chat

E-Training / Online Training

Dedicated Account manager and Implementation Manager

Dedicated customer success manager

Dedicated onboarding specialist

Webinars and courses

Self service onboarding tool

In-product help and walk throughs

Integrations

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IDeaS G3 RMS

Vendor verified

Vendor: IDeaS - a SAS CompanyCategory: Commercial and distributionSubcategory: Revenue Management System (RMS)

IDeaS SmartSpace

Vendor verified

Vendor: IDeaS - a SAS CompanyCategory: Business intelligenceSubcategory: Business Intelligence Tools (BI)

IDeaS RevPlan

Vendor verified

Vendor: IDeaS - a SAS CompanyCategory: Business intelligenceSubcategory: Business Intelligence Tools (BI)

IDeaS Optix

Vendor verified

Vendor: IDeaS - a SAS CompanyCategory: Business intelligenceSubcategory: Business Intelligence Tools (BI)

Revinate Guest Feedback

Vendor verified

Vendor: RevinateCategory: Business intelligenceSubcategory: Reputation Management

Wincloud Property management solution

Vendor verified

Vendor: Winsar infosoft Private LimitedCategory: Hospitality operationsSubcategory: Property Management System (PMS)

Data Management for Hotel Assets by Fairmas

Vendor verified

Vendor: FairmasCategory: Business intelligenceSubcategory: Business Intelligence Tools (BI)

Revenue Planning & Analytics by Fairmas

Vendor verified

Vendor: FairmasCategory: Business intelligenceSubcategory: Financial planning and reporting

FairPlanner by Fairmas

Vendor verified

Vendor: FairmasCategory: Business intelligenceSubcategory: Financial planning and reporting

IDeaS Optix

Vendor verified

Vendor: IDeaS - a SAS CompanyCategory: Business intelligenceSubcategory: Business Intelligence Tools (BI)

IDeaS RevPlan

Vendor verified

Vendor: IDeaS - a SAS CompanyCategory: Business intelligenceSubcategory: Business Intelligence Tools (BI)

IDeaS SmartSpace

Vendor verified

Vendor: IDeaS - a SAS CompanyCategory: Business intelligenceSubcategory: Business Intelligence Tools (BI)

IDeaS G3 RMS

Vendor verified

Vendor: IDeaS - a SAS CompanyCategory: Commercial and distributionSubcategory: Revenue Management System (RMS)

Business Intelligence

Vendor verified

Vendor: LighthouseCategory: Business intelligenceSubcategory: Business Intelligence Tools (BI)

OPERA Cloud Sales and Event Management

Partially verified

Vendor: Oracle HospitalityCategory: Hospitality operationsSubcategory: Sales and Catering Solution

Revinate Marketing

Partially verified

Vendor: RevinateCategory: Commercial and distributionSubcategory: Marketing Platform

Technical specifications

Specifications

Works alongside G3 RMS and is used by hotel sales teams with their sales and catering system to forecast and price event business.

Configurations

Dedicated project management team help gets a property connected to their sales and catering system and setup ideally for their sales and revenue teams and strategies.

Scalability

unlimited users

Fee structure

Annual Flat Fee

Pricing:

Price per room

Buyers

FAQs

What are benefits to applying revenue management principles to hotel function space?

Maximize profits in high- and low-demand periods by analyzing the value of displacement and accepting the most profitable business. Forecast accurately by leveraging advanced analytics to automate forecasts by day and day part. Budget effectively by using historical and on-books data

How are IDeaS SmartSpace and IDeaS Function Space Revenue Management different?

SmartSpace is a visualization tool for meetings and events data. It helps sales and hotel leaders build a forecast, prioritize leads, and make pricing decisions about event business. Whilst, Function Space Revenue Management is an advanced, analytical tool for sales teams that delivers advanced forecasting and pricing recommendations for each enquiry and day.

IDeaS Function Space Revenue Management

Meetings and Events Optimization

IDeaS RMS

IDeaS G3 RMS

Hospitality Reporting And Data Analytics

Forecasting RMS

Market Intelligence Data

Optimization Cycles

RMS Optimization Levels

RMS Pricing

Productivity Tools

System Generated Decisions

Business Intelligence

Meeting And Events Intelligence

Sales Management

Support Level

Annual Flat Fee