Carlson announced it has been recognized as a JDA Software Group, Inc. 2011 Real Results Winner for Best in Pricing and Revenue Management. Now in its sixth year, the Real Results Awards recognize companies that have demonstrated business-process excellence and achieved quantifiable benefits through the adoption of industry best practices and use of JDA’s industry-leading solutions and services.
“The rate optimization tool, Stay-Night Automated Pricing (SNAP), we’ve developed with JDA is having a measurable impact on our RevPAR index performance when it is used consistently,” said Frederic Deschamps, vice president, Global Revenue Generation, Carlson Hotels.
The SNAP continuously updates a number of historical variables as well as an inventory of publicly available competitive prices to recommend revenue-optimizing rates for hotels.
“We are very proud to recognize Carlson Hotels as a top performer in the Pricing and Revenue Management category,” said Hamish Brewer, president and CEO, JDA Software. “Their ability and dedication to making the paradigm shift from traditional revenue management to true price optimization firmly demonstrates why they are pioneers and leaders in pricing and revenue management practices.”
The Real Results Awards, established in 2006, honor companies that have achieved industry-leading results and transformational benefits through deployment of JDA’s advanced and proven solutions and services. JDA recognizes companies in 12 award categories. As the winner for Best in Pricing and Revenue Management, Carlson Hotels is being recognized for demonstrating industry leadership and innovation in the practice of pricing and revenue management to drive growth, improve business performance and increase revenue and profits.
“In a world where just about every rate is available to every consumer, getting the rate right is more important than ever. This tool has helped us a lot in shifting our pricing from being based on the product only to being based on the product and demand for it, the difference can be very significant,” added Deschamps.
Selected by a panel of JDA executives, the Real Results winners demonstrated exceptional increases in sales and profits, business-process improvements and reductions in inventory and overall costs.
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