Cheval Collection, renowned for its luxury serviced apartment properties, is enhancing its revenue management strategies with the implementation of IDeaS G3 RMS. This move comes as part of a broader effort to streamline operations and maximize revenue across its expanding portfolio.

With IDeaS' innovative revenue management software already successfully deployed at its Edinburgh properties, Cheval Collection recognized the potential for wider adoption. The decision to implement G3 RMS was driven by a desire to eliminate manual processes and focus on addressing significant outlier scenarios, ensuring a more efficient and effective revenue management approach.

One key advantage of G3 RMS is its ability to optimize revenue for guests with varied lengths of stay. Cheval Collection's luxury serviced apartments offer flexibility, allowing bookings ranging from standard overnights to week- or month-long stays. With G3 RMS, the properties can take a holistic view of demand for all product types, simplifying complex revenue management decisions and maximizing revenue potential.

Additionally, as group business represents a growing portion of Cheval Collection's revenue mix, the Group Pricing Evaluation feature of G3 RMS proves invaluable. This feature provides an easy-to-use displacement analysis, helping commercial teams understand the potential revenue impact of accepting or rejecting group business opportunities.

Liz Callaghan, director of revenue at Cheval Collection, said “I really can’t say enough about the fantastic support we have received across all touchpoints from the IDeaS team. Their expert knowledge, insight, and experience working with our other properties made the integration process seamless. We are excited to see the results as these additional properties come online.” 

Michael McCartan, area vice president, EMEA, at IDeaS, said “When the Cheval Collection team wanted to expand their RMS capabilities to eight additional properties, our teams went to work to ensure we deliver innovative, customer-focused experiences across its portfolio. We’re delighted to work with them to elevate their revenue management, help them achieve their strategic objectives, and improve their commercial results.”

With the implementation of IDeaS G3 RMS across its properties, Cheval Collection is poised to enhance efficiency, optimize revenue, and provide guests with exceptional experiences tailored to their needs.