|[April 17, 2012]
Thompson Hotels & Resorts Selects the IDeaS Revenue Management System for Six of its Properties in the U.S.
MINNEAPOLIS --(Business Wire)--
IDeaS Revenue Solutions, the leading provider of pricing and revenue
management software, services and consulting, today announced Thompson
Hotels will implement the IDeaS
Revenue Management System (RMS) within
six Thompson Hotel properties in the U.S. The move kicks off a
company-wide initiative to automate revenue management processes for
increased profitability across all Thompson properties through 2012 and
"Upon reviewing the capabilities of the IDeaS RMS and receiving positive
recommendations from other hotels, we decided the system is an ideal fit
for our growth strategies moving forward," said Stephen Brandman,
co-owner of Thompson Hotels and CEO of Commune Hotels & Resorts. "Not
only does the IDeaS RMS meet our automation needs for increased
operational efficiency, it provides the critical data points we need at
Thompson Hotels to enhance our presence in the marketplace."
Since its inception in 2001 with 60 Thompson in New York, Thompson
Hotels has been rapidly expanding to include 12 luxury lifestyle hotels
in prime vacation destinations, including Los Angeles, Chicago, Miami,
Toronto and London. In February, the company announced its merge with
Joie de Vivre Hospitality to become Commune Hotels & Resots, which
manages 47 properties under the distinctive Thompson and Joie de Vivre
"We are thrilled to work with Thompson Hotels as they undergo an
exciting transition to expand their brands domestically and
internationally," said Jane Stampe, Managing Director, Americas, IDeaS.
"They are well positioned to streamline their processes and maximize
profitability, and I'm confident that the IDeaS RMS' ability to
identify, forecast and optimize market trends will deliver valuable
Offering an automated approach to revenue management, the IDeaS RMS
enables Thompson properties to more accurately and strategically
optimize demand and increase revenue. The IDeaS RMS provides the most
reliable, up-to-date information at revenue managers' fingertips so they
can spend less time and energy on data entry and more time booking the
right guest, at the right time, at the right rate.
For more information about IDeaS, please visit www.ideas.com.
About Thompson Hotels
Founded in 2001, with the launch of its first project 60 Thompson,
Thompson Hotels is an international hospitality company that offers
sophisticated luxury to its discerning clientele. The Thompson portfolio
of lifestyle hotels includes 60 Thompson, Gild Hall, 6 Columbus,
Thompson LES and Smyth Tribeca in New York City; the famed Hollywood
Roosevelt Hotel and Thompson Beverly Hills in Los Angeles; Thompson
Toronto and the recently opened Belgraves in London. Sutton Place in
Chicago and Hotel Victor in Miami, also part of the portfolio, will
re-launch as Thompson Chicago and Thompson Ocean Drive respectively,
later this year following multi-million dollar renovations. Thompson
Hotels also has multiple new projects in development, including the
iconic 5 Beekman Street, and Thompson Cabo San Lucas. For more
information please visit www.thompsonhotels.com.
Founded in 1989, IDeaS Revenue Solutions - a SAS (News - Alert) Company, offers
industry-leading pricing and revenue management Software, Services, and
Consulting to the hospitality and travel industries. Headquartered in
Minneapolis, MN with our Global Technology (News - Alert) center located in Pune,
India, IDeaS maintains sales, support and distribution offices in North
& South America, the United Kingdom, Europe, Middle East, Africa,
Greater China, Australia and Asia. For more information, visit www.ideas.com.
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