IDeaS has revealed a global collaboration with Hyatt to power its commercial revenue platform. Hyatt will deploy IDeaS’ suite of products globally as a key component in the evolution of its commercial stack.
“At Hyatt, we offer the benefits of a global network yet remain nimble enough to create true personal connections,” said Michael Klein, VP, global revenue management, Hyatt. “Collaborating with a known innovator and disruptor in the revenue management space like IDeaS alongside Hyatt’s unique vision for innovative capabilities can create a differentiating value proposition for Hyatt owners and operators and make it easier for property colleagues to focus on what they do best—care for guests and customers.”
IDeaS’ technology and service approach will enable Hyatt to support the complex needs of its hotel portfolio and ownership types. The platform factors in the unique qualities and differences of each property to operationalize across the brand. This data-driven approach will empower Hyatt to strategically drive performance and profit across its portfolio by focusing on AI-driven opportunities in today’s travel landscape.
“We are excited to be a part of the transformation of Hyatt’s commercial revenue platform at a moment of unparalleled opportunity,” said Sanjay Nagalia, cofounder/COO, IDeaS. “As the recovery in travel broadens and new toolsets emerge, we are pleased to bring IDeaS’ market-leading automation, pricing approach and a singular focus on holistic profit optimization to Hyatt’s portfolio of properties.”
IDeaS’ history of innovation delivers against Hyatt’s need for next-level organizational empowerment, leveraging capabilities such as guest, group and events space profit optimization, streamlined financial forecasting capabilities and powerful enterprise BI solutions, according to the tech company.
Dedicated training and enablement efforts will ensure that colleagues at each property engage in the set-up and configuration process unique to their business needs.