Carlson Hotels Receives 2011 Jda Real Results Award For Best In Pricing And Revenue Management
May 05, 2011 // Franchising.com // MINNEAPOLIS – Carlson, a global hospitality and travel company, today 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.
Carlson is a global hospitality and travel company headquartered in Minneapolis, Minn. Carlson encompasses more than 1,070 hotels, including Radisson®, Country Inns & Suites By CarlsonSM, Park Inn by Radisson and Park Plaza®; more than 900 T.G.I. Friday's® restaurants; and a majority stake in Carlson Wagonlit Travel®, the global leader in business travel management. Carlson operates in more than 150 countries and its brands employ about 170,000 people. http://www.carlson.com
About JDA Software Group, Inc.
JDA® Software Group, Inc. (NASDAQ: JDAS), The Supply Chain Company®, is the leading provider of innovative supply chain management, merchandising and pricing excellence solutions worldwide. JDA empowers more than 6,000 companies of all sizes to make optimal decisions that improve profitability and achieve real results in the discrete and process manufacturing, wholesale distribution, transportation, retail and services industries. With an integrated solutions offering that spans the entire supply chain from materials to the consumer, JDA leverages the powerful heritage and knowledge capital of acquired market leaders including i2 Technologies®, Manugistics®, E3®, Intactix® and Arthur®. JDA's multiple service options, delivered via the JDA® Private Cloud, provide customers with flexible configurations, rapid time-to-value, lower total cost of ownership and 24/7 functional and technical support and expertise. To learn more, visit www.jda.com or e-mail firstname.lastname@example.org.