Latest news with #MichaelMcCartan
Travel Daily News
23-05-2025
- Business
- Travel Daily News
IDeaS achieves 426% growth in Greece through strategic hotel partnerships
IDeaS reports 426% growth in Greece, driven by strong hotel demand for revenue optimization tools amid rising tourism performance. ATHENS – IDeaS, a SAS company and the world's leading provider of hospitality revenue management software and services, reports record-breaking growth in Greece. This rapid expansion is driven by a wave of strategic hotel partnerships and increasing demand for sophisticated solutions tailored to optimize revenues for properties of all sizes and operating models. Between 2023 and 2024, IDeaS reported a 426% increase in year-on-year revenue, reflecting the company's growing influence in southern Europe's vibrant hospitality sector. Over this period, the business closed 27 new deals in Greece. IDeaS' growth aligns with Greece's tourism sector, which reached new heights in 2024, welcoming approximately 35.9 million international visitors and generating 21.7 billion euros in tourism revenue, surpassing previous records. The Athens market alone saw strong growth with average hotel occupancy reaching 78%, an 8.9% increase in the average daily rate (ADR) to 149.26 euros, and an 11.4% rise in revenue per available room (RevPAR) to 116.48 euros. Michael McCartan, Area Vice President, EMEA, IDeaS, said: 'Our performance in Greece has been nothing short of extraordinary. The appetite for dynamic, technology driven revenue management strategies is growing fast, and our clients are seeing the results. We're proud to support this transformation with solutions that empower hoteliers to adapt quickly, boost profitability, and elevate guest experiences.' IDeaS' growth in 2024 was anchored by a series of significant client acquisitions across the hospitality spectrum. These wins demonstrate the company's ability to deliver tailored revenue management solutions to a wide variety of property types, from boutique and lifestyle accommodations to expansive resort groups and multi-property portfolios. This momentum has continued into 2025, with further additions strengthening IDeaS' presence across both established and emerging markets. As Greek hoteliers face rising operating costs, tighter lending conditions and a rapidly evolving digital distribution landscape, investment in revenue management technology is increasingly seen as strategic necessity. By leveraging advanced demand forecasting to guide dynamic pricing, inventory, and distribution decisions – down to the room-type and market-segment level – operators gain the agility to respond to shifting market dynamics and drive more sustainable, long-term growth.
Hospitality Net
22-05-2025
- Business
- Hospitality Net
IDeaS Accelerates Growth and Builds Business Momentum in Greece
ATHENS – IDeaS, a SAS company and the world's leading provider of hospitality revenue management software and services, reports record-breaking growth in Greece. This rapid expansion is driven by a wave of strategic hotel partnerships and increasing demand for sophisticated solutions tailored to optimize revenues for properties of all sizes and operating models. Between 2023 and 2024, IDeaS reported a 426% increase in year-on-year revenue, reflecting the company's growing influence in southern Europe's vibrant hospitality sector. Over this period, the business closed 27 new deals in Greece. IDeaS' growth aligns with Greece's tourism sector, which reached new heights in 2024, welcoming approximately 35.9 million international visitors and generating €21.7 billion in tourism revenue, surpassing previous records.1 The Athens market alone saw strong growth with average hotel occupancy reaching 78%, an 8.9% increase in the average daily rate (ADR) to €149.26, and an 11.4% rise in revenue per available room (RevPAR) to €116.48.2 Our performance in Greece has been nothing short of extraordinary. The appetite for dynamic, technology-driven revenue management strategies is growing fast, and our clients are seeing the results. We're proud to support this transformation with solutions that empower hoteliers to adapt quickly, boost profitability, and elevate guest experiences. Michael McCartan, area vice president, EMEA, IDeaS IDeaS' growth in 2024 was anchored by a series of significant client acquisitions across the hospitality spectrum. These wins demonstrate the company's ability to deliver tailored revenue management solutions to a wide variety of property types, from boutique and lifestyle accommodations to expansive resort groups and multi-property portfolios. This momentum has continued into 2025, with further additions strengthening IDeaS' presence across both established and emerging markets. As Greek hoteliers face rising operating costs, tighter lending conditions and a rapidly evolving digital distribution landscape, investment in revenue management technology is increasingly seen as a strategic necessity. By leveraging advanced demand forecasting to guide dynamic pricing, inventory, and distribution decisions—down to the room-type and market-segment level—operators gain the agility to respond to shifting market dynamics and drive more sustainable, long-term growth. To find out more about IDeaS revenue management solutions, please visit About IDeaS IDeaS, a SAS company, is the world's leading revenue management software and services provider. Combining industry knowledge with innovative data analytics technology, IDeaS creates sophisticated yet simple ways to empower revenue leaders with precise, automated recommendations they can trust. With 35 years of expertise serving hospitality, including hotel, event, and parking clients, IDeaS delivers revenue science to more than 30,000 properties in 164 countries around the world. Results delivered. Revenue transformed. Discover greater profitability at Elliott Mest Public Relations 862-371-0511
Yahoo
20-02-2025
- Business
- Yahoo
Dorint partners with IDeaS to implement G3 revenue management software
DACH hotel company Dorint has entered a strategic partnership with IDeaS, a SAS division specialising in hospitality revenue management software and services, to enhance revenue management strategy and operational efficiency. The adoption of IDeaS' technology comes at a time when the German hospitality market is anticipated to grow at a CAGR of 7.7%. The implementation of IDeaS' G3 revenue management software (RMS) and Optix revenue intelligence solution represents a significant investment in technology for Dorint. With more than 6,000 rooms across over 60 branded properties in Germany, Austria, and Switzerland, this move is designed to maximise revenue and drive the company's expansion plans. Dorint revenue and distribution vice president Manuel Schmidgen: 'As one of the most trusted hospitality brands in the region, it's vital for us to stay ahead of the curve in this dynamic and growing market. 'Partnering with IDeaS provides us with the advanced technology and expertise we need to enhance our revenue management strategies, optimise operations, and capitalise on the significant growth opportunities within the DACH region. We are excited to leverage the power of G3 RMS and Optix to drive performance across our portfolio and ensure Dorint remains a leading hospitality brand in this thriving market.' IDeaS' G3 RMS offers advanced capabilities that will enable Dorint to make revenue-maximising decisions efficiently and effectively. The integration of Optix will provide Dorint's teams with data visualisation, reporting, and real-time performance insights, allowing for smarter, data-driven decisions that enhance profitability. The benefits of implementing G3 RMS with Optix for Dorint properties include efficient revenue management through automation, advanced demand forecasting for optimising pricing strategies, and streamlined reporting for quick performance assessment, the company said. This technology will support Dorint's portfolio, which includes classic Dorint Hotels & Resorts, urban city properties under Essential by Dorint, and the luxury Hommage Hotels Collection. IDeaS vice president Michael McCartan said: 'We are incredibly excited to welcome the German hotel company Dorint to the IDeaS family. Dorint's legacy of excellence in the DACH region combined with their ambitious growth plans presents an exciting opportunity for us to collaborate. 'Together, we will leverage the power of AI and data-driven insights to redefine revenue management and unlock new levels of success for Dorint in the evolving hospitality landscape.' "Dorint partners with IDeaS to implement G3 revenue management software" was originally created and published by Hotel Management Network, a GlobalData owned brand. The information on this site has been included in good faith for general informational purposes only. It is not intended to amount to advice on which you should rely, and we give no representation, warranty or guarantee, whether express or implied as to its accuracy or completeness. You must obtain professional or specialist advice before taking, or refraining from, any action on the basis of the content on our site.
