IDeaS launches Resorts Revenue Council of leaders to leverage data-driven insights

IDeaS launches Resorts Revenue Council of leaders to leverage data-driven insights

Two-day retreat brought together resort and all-inclusive property leaders to identify industry challenges

Revenue management software provider IDeaS has announced the launch of its IDeaS’ Resorts Revenue Council, an in-person and virtual community of industry leaders.

Leaders will include creative thinkers and innovators from the resort and all-inclusive space, who will meet regularly to discuss key industry challenges and catalyse the evolution of a holistic approach to commercial management for resorts. 

The Resorts Revenue Council held its inaugural summit in Mallorca, Spain, in September 2023. 

The focus of the two-day event delved into an area of hospitality that continues to grow, resorts, and all-inclusive properties, with discussions around the key opportunities required to expand successful profit optimisation in this niche hospitality business. 

The gathering resulted in the development of strategies and agreed-upon next steps to leverage data-driven insights, drive operational efficiency, and elevate profitability in the definition of a revenue management model for resorts. 

25 industry leaders from 18 brands in seven countries convened in Mallorca to help shape the discussions around where future needs lie, and whether in enhancements to what exists today or in the identification and development of required capabilities. 

Russ Stanziale, chief sales and growth officer of IDeaS, said: “We are in a unique position at IDeaS to provide engaging opportunities where we can listen to our industry, identify the challenges they face, and develop solutions through practical applications. 

"This inaugural meeting provided a forum at which a unique group of industry leaders had an unbridled discussion on how revenue management can help solve the challenges they face in areas for resorts, such as critical KPI’s, forecast allotments, appropriate demand data sources, and more.” 

The group plans to meet on a quarterly basis with annual in-person meetings. The next meeting scheduled is a virtual discussion in early January next year. 

Parties interested in joining can request to join the Resorts Revenue Council community on IDeaS website.