IDeaS, a SAS company, the world’s leading provider of hotel revenue management software and services, announced today its official recognition by HOTELS Magazine as the hospitality industry’s No.1 rated revenue management company. The publication’s technology review included five companies of various sizes across the hospitality industry, with IDeaS standing out thanks in part to its distribution network of more than 30,000 partner hotels and 98-percent customer retention rate.

HOTELS Magazine determined its rankings based on discussions with and evaluations of more than 20 global revenue management companies. To reflect the strengths of each candidate, HOTELS Magazine’s editors considered the overall number of hotel partners, available revenue figures, and other attributes.

Sanjay Nagalia, co-founder, chief operating officer & technology officer, IDeaS, said: “IDeaS’ ongoing success is anchored in its continued innovation to bring the most sophisticated technology solutions to hospitality companies around the world. HOTELS Magazine’s latest recognition of IDeaS as the number one revenue management company for the hotel and hospitality industry indicates we remain on the right track in both the scope of our capabilities and the satisfaction of our customers. It is an honor, and we are proud to remain at the forefront of revenue management for more than three decades.”

David Eisen, vice president and editor-in-chief, HOTELS Magazine, said: “Revenue management within the hotel space is a crucial practice that, if done correctly, has an appreciable impact on the ability of a hotel to generate both revenue and profit. With the ways customers book travel today, never has there been a more important time for hotels to partner with platforms that help maximize revenue because hoteliers can’t afford to leave any money on the table.”

To learn more about IDeaS leading revenue management solution and to schedule a demo, visit the revenue management page.