Located on West 48th Street in the midst of New York City’s theater district, The Belvedere Hotel is marked by elegantly appointed interiors, stunning architectural characteristics that are reminiscent of 1920s Art Deco design, and unparalleled service. This non-traditional boutique hotel, accommodating an impressive 355 guestrooms, recently sought to upgrade its revenue strategy solution in order to keep up with their fast-paced competitive market.
Last year, hotel executives came to the realization that they needed to manage rates more effectively by room type, a need their previous technology failed to accomplish. It was recently announced that, to address the challenge, the hotel implemented IDeaS G3 Revenue Management System (IDeaS G3 RMS).
According to reports, The Belvedere Hotel has already experienced a notable increase in ADR since implementation. Continuous pricing, together with IDeaS’ overbooking and Last Room Value controls, provides an analytical, ongoing optimization of business that drives optimal revenue. The Belvedere Hotel is also leveraging IDeaS G3 RMS’ group displacement feature, which is an important part of the its overall revenue strategy.
Disclosure: The solution provider featured in this article is a current or past client of Starfleet Media, which is the publisher of Hotel Technology News.