Case Study: The Grand Hotel Minneapolis achieves data-driven pricing and operational efficiency with IDeaS Revenue Management System

IDeaS helps The Grand Hotel Minneapolis stay ahead of the competition

The Grand Hotel Minneapolis, an award-winning boutique Kimpton hotel, needed to automate revenue management after an extensive renovation but had no historical data to guide pricing. The property engaged IDeaS and deployed the IDeaS Revenue Management System to quickly produce reliable, up-to-date market analysis and support pricing decisions.

IDeaS implemented its Revenue Management System using booking patterns from a similar hotel as a temporary substitute and automatically replacing those clones as real booking trends emerged. The solution freed the revenue team from manual data synthesis, gave instant access to competitor pricing and positioning, improved operational efficiency, and allowed the hotel to make faster, more strategic pricing decisions.

The Grand Hotel Minneapolis

Amanda Parsons

General Manager