Oostwegel Collection Automates Revenue Management with Infor
Infor, a leading provider of beautiful business applications specialized by industry and built for the cloud, today announced that hotelier, Oostwegel Collection, has implemented its revenue management solution, Infor EzRMS. Thanks to Infor EzRMS the company can analyze the data from the hotel's total income in real time. This helps Oostwegel Collection optimize revenue by creating site-specific recommendations that provide a precise balance between supply and demand. In addition, the automated capabilities from Infor EzRMS reduce the number of manual processes required and improve the turnover of different locations through better data analysis.
Oostwegel Collection consists of four luxury mansions where three hotels and 8 restaurants have been situated. They are part of a heritage monument in South Limburg and have been restored individually and turned into an innovative hotel and restaurant concept. Each day the 350 employees provide high-quality services and unique experiences and do so while putting inspiration, craftsmanship and gastronomy at the center of their motivation.
In 1980, Camille Oostwegel, Senior, a Limburg hotelier in heart and soul, began his first restaurant inspired by French cuisine after his career with several hotels in the Novotel chain. In 2015, the next generation took over the company's operations bringing a new outlook and way forward. Part of this new outlook included the goal of a more efficient system and a strategy for revenue management for the three hotels.
"By choosing to use Infor EzRMS we have put an end to manual processes via Excel. Now we can rely on centralized, streamlined revenue management processes and increase our operational efficiency," said Camille Oostwegel, Jr, Director of Business Development at Oostwegel Collection. "We use Infor EzRMS as a Cloud application and can merge data from different departments into one system. For us, with 60 percent of revenue from rooms and 40 percent from Food & Beverage, that's a must and an absolute advantage of Infor EzRMS. In addition to the Multi-Hotel Revenue Manager, general managers can analyze the results in real time and act accordingly."
Oostwegel continued: "With the push of a button, access to revenue management data and reliable forecasting enables us to improve our Total RevPAR (TREVPAR) and to support our long-term goals."
"Speed, knowledge and flexibility are important factors in the hospitality industry," said Stan Van Roij, Vice President, Hospitality Solutions & Program Management, Infor. "Companies like Oostwegel Collection want to be able to sell their hotel rooms at the right time and the right price. Without the use of technology -- that's impossible. By using professional revenue management techniques, they gain more insight and can benefit from increased sales, higher margins and improved utilization. In addition, Infor EzRMS is designed specifically to meet with the current needs hospitality organizations and therefore includes expenses such as meals in order to maximize profits. This is in contrast to most of the traditional solutions in which revenue-optimization algorithms are based only on the prices of hotel rooms."
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