Van der Valk Hotels & Restaurants chooses IDeaS RMS to boost revenue and efficiencyVan der Valk Hotels & Restaurants chooses IDeaS RMSThe largest Dutch hospitality chain switches from BookingSuite to IDeaSNew agreement covers nineteen hotels and 2,498 rooms in Germany, Bonaire, Spain, and the Netherlands.Tweet this: @HotelBlijdorp chooses @IDeaS_RevOpt RMS to boost revenue and efficiency. www.ideas.com/newsIDeaS Revenue Solutions, the leading provider of revenue management software and advisory services, is pleased to announce that Van der Valk Hotels & Restaurants has chosen IDeaS Revenue Management System (RMS) to optimise revenue performance and improve efficiency at nineteen additional hotels.With over thirty Van der Valk properties already using IDeaS’ solutions, the agreement expands the number of rooms in the Netherland’s biggest hospitality chain to over 5,500 priced through IDeaS.The nineteen hotels covered in the new agreement had been using BookingSuite as their pricing system—but news of its imminent closure prompted a search for alternative, more robust solutions.“BookingSuite’s pending withdrawal helped us focus on the need to invest in a more powerful analytics system,” said Christina Hobbel, commercial manager at Van der Valk International. “After conducting an extensive market review, we’re confident IDeaS RMS will bring us closer to total revenue management and will take our demand forecasting and pricing decisions to much higher levels.”The family-run Van der Valk business encourages management teams of its various hotels to regularly exchange thoughts. Even though another RMS provider is already installed in some Valk properties, it was at these meetings that Christina Hobbel regularly heard of the advantages the IDeaS platform and services had delivered for her colleagues.“Some features that caught our eye were the yielding on total business mix, inventory controls and length-of-stay restrictions—that’s something we’ve wanted for a while,” Hobbel said. “Besides the functionality, we also appreciated how easy it would be to implement and use the system along with the quality of training and customer support on offer.”Van der Valk’s hotels attract a mix of leisure and business guests who enjoy the presence of onsite restaurants, casinos, conference rooms and cinemas—areas the company has identified for efficiency gains.“We try to provide a total package so our guests have no need to leave their hotel,” added Hobbel. “Implementing IDeaS RMS frees our front office staff fromworrying about revenue—instead they’ll be able to make our guest experience even better and upsell products and services when necessary.”Powered by SAS®, with nearly three decades of innovation in hospitality technology, IDeaS remains the global leader in revenue management and continues to provide solutions that equip clients with a clear view of their data, giving them greater control over their business performance.“We are delighted that Van der Valk Hotels & Restaurants has decided to expand our partnership into new hotels,” said Fabian Specht, EMEA managing director for IDeaS.Kirsten Lang at KL Consulting, IDeaS’ partner in the BENELUX region responsible for implementation added, “I look forward to working on this project—implementing IDeaS RMS is a key step in their future growth and will help drive better business decisions, enhance the guest experience and optimise revenues.”About Van der Valk Hotels & RestaurantsVan der Valk is a Dutch international hospitality chain run by the Van der Valk family.Started in 1862 with café de Gouden Leeuw in Voorschoten, the company has now grown into the country’s largest hospitality chain, with more than 68 locations in the Netherlands, Germany, Spain and the Caribbean.For more information, visit www.valk.com.About IDeaSWith more than 1.6 million rooms priced daily on its advanced systems, IDeaS Revenue Solutions leads the industry with the latest revenue management software and advisory services. Powered by SAS® and with nearly three decades of experience, IDeaS proudly supports over 10,000 clients in 124 countries and is relentless about providing hoteliers with insightful ways to manage the data behind hotel pricing.IDeaS empowers clients to build and maintain revenue management cultures—from single entities to world-renowned estates—by focusing on a simple promise: Driving Better Revenue.IDeaS has the knowledge, expertise, and maturity to build upon proven revenue management principles with next-generation analytics for more user-friendly,insightful and profitable revenue opportunities—not just for rooms, but across the entire hotel enterprise.For more information, visit www.ideas.com.Source = IDeaS
Consumer Financial Protection Bureau Innovation Lenders Mortgage Industry TILA-RESPA Integrated Disclosure Rule 2015-09-03 Staff Writer in Commentary, Daily Dose, Government, Headlines, News, Technology Share September 3, 2015 547 Views Diverging from the Herd: Why Lenders Must Innovate Before it’s Too Late History has shown that those who take a different path than the rest emerge as leaders, while those that continue with the same path eventually get run over.The mortgage industry has enjoyed a static environment of lending for almost 50 years with very few major changes or dramatic shifts in the manner in which business has been conducted. With the exception of banks getting bigger geographically, and firms such as Quicken implementing just a touch of innovation via the internet, business have had little in the way of shifting market share.The question is, “Why has the mortgage industry remained so static, and why hasn’t someone really emerged as different?”What generally drives shifting markets and innovation in other industries is the consumer. Businesses build their entire strategy around attracting consumers and keeping them engaged. However, that doesn’t seem to be the case with the mortgage industry. To put it simply, there is entirely too much focus on “getting the deal done” and avoiding the regulatory spotlight, with not nearly enough on serving the consumer.The baby boomer generation pushed itself to improve on the processes established by the previous generation through cost-cutting, rather than efficiency, convenience or technology. In the context of obtaining a mortgage, the most important aspect of choosing a mortgage lender became the proffered monthly payment and/or APR, and the market responded accordingly.Now, the world is shifting quickly, and the CFPB has accelerated its focus on consumer participation and education in the mortgage process. The wrongdoings from the recession have forced the ship to be righted, placing the focus back on measures instead of profits. This is now going to be rapidly accelerated by 80 million millennials and their insatiable demand for technology. What this means is the industry must respond to the APR and payment issues, but must do so with a more massive amount of service through technology. In other words, the industry must do more for less.This massive, accelerated paradigm shift will cause denial, confusion and, finally, acceptance. As October 3 approaches, it is clear the vast majority of companies are behind and won’t be ready for TRID. They may be able to technically calculate numbers and generate forms, but they won’t be able to do it at a price even close to reasonable, so the first thing that will occur is that profits will suffer.”The mortgage industry is being transformed through process, regulation and market demand for service. Lenders that rely on the old ways are going to be left behind.”As the industry moves through the first quarter post-TRID, these businesses will question the point of the new rules and why they are doing any of this. At the same time, a minority will have enough vision to see they can provide more service and make more money through innovation and the use of technology. Given the results of the CFPB’s eClosing pilot program, that use of technology is most likely going to take the form of a digital closing platform. Not only does this type of platform provide the monetary and efficiency benefits lenders will need, but it also provides an opportunity to provide transparency to the process and bring together ALL players in the transaction–borrower, real estate agent, lender and settlement agent–to facilitate better communication and a much smoother mortgage closing overall.When this minority begins to show the opposite results of everyone else, they will begin to take market share and the industry will take notice. The question is, “Will it be too late for those that didn’t have the vision?” Time will tell, but the reality for those who show up late will likely be costs rising at a dramatic pace, that will put companies out of business, and it won’t take very long to do that.The decisions mortgage lenders make today are going to have a tremendous impact on how they weather the next six months to a year. The heavy majority are consumed with fitting TRID into the existing mortgage paradigm, but almost no one has stopped to think that perhaps it is the paradigm that needs to change, rather than the legislation.This is also the same time at which millennials will accelerate their move into the housing market. When they realize there are those that can provide an efficient, high-end, technology-rich experience, the market will shift dramatically. This results in the industry looking forward to a rapidly shifting environment where they are basically “betting the farm” on the decisions they are making right now.The mortgage industry is being transformed through process, regulation and market demand for service. Lenders that rely on the old ways are going to be left behind. However, by making one innovative change through adopting a platform where everyone can be educated and participate in the process, that has the potential to solve 80 percent of the post-TRID issues lenders will face, and position them for growth rather than stagnation.This one principle has proven true in every other industry and in every other process. When people communicate, they work better together. One decision may dictate lenders’ futures and where they will be placing their focus next year. Rather than just waiting for it to happen and dealing with the fallout after the fact, now is the time take action. Choose a different path. Diverge from the herd.Click here to learn more about Pavaso, Inc.
Grace expects Greinke trade to have emotional impact TEMPE, Ariz. — A day after initial reports surfaced that said Steve Wilks was all but at the end of the road as Cardinals head coach, he spoke a bit more about his faith and resiliency amid a 3-12 season.“It’s going to be good being around family, enjoying some quality time around them,” he said on Monday, Christmas Eve.Wilks said he has spoken this season to peers like Marvin Lewis of the Bengals, Todd Bowles of the Jets and Sean McDermott of the Bills and Ron Rivera of the Panthers. What has he learned in his first attempt as a head coach?Patience was the first word out of Wilks’ mouth, perhaps a funny thing considering it’s patience that might be up in Arizona, where quarterback, coordinator and cornerback shakeups marked pivot points this year.Related LinksReport: Fitzgerald would want Wilks back, might not get his wishRapid Reactions: Arizona Cardinals blown out by Rams in home finaleCardinals’ loss to Rams brings new mark for home futilitySteve Wilks receives support from former DB Peanut TillmanAfter loss to Rams, Cardinals’ Wilks remains focused on job at handAfter a 31-9 loss at home to the Los Angeles Rams on Sunday night with a game in Seattle to play, Wilks spoke more in depth about his time with Arizona and the reports regarding his job security that he said he hasn’t listened to.The embattled coach said he would leave Arizona — whenever that might be — with integrity just as he’d entered.Asked Monday just why he’s met tough questions about the turmoil with steady, respectful answers, Wilks flashed his sense of humor that’s been hidden amid his football head coach exterior.“I always tell the coaches this,” he said, “there’s always a bubble over the players’ head. As you sit there trying to talk to them, if you really understood what that bubble was saying back, you’d be amazed. There’s a bubble over my head, and if you really knew exactly how I felt inside and what I was saying, you would question my faith at times. 17 Comments Share Top Stories “My mom’s in town, so I don’t want to say those words,” he added, smiling. (AP Photo/John Amis, File) The 5: Takeaways from the Coyotes’ introduction of Alex Meruelo Derrick Hall satisfied with D-backs’ buying and selling Former Cardinals kicker Phil Dawson retires