2013-10-09 22:48:30 - The Ramada Gaslamp Continued to Outperform its Competitive Set for the Second Straight Year
i-Rates(i-rates.com) a leader in new generation hotel revenue management systems , is pleased to announce the Ramada Gaslamp/Convention Center hotel was its’ very first customer and an early adopter of the revolutionary software. The hotel achieved amazing results from the recent Comic-Con event in San Diego by using the new i-Rates system. Comic-Con is one of the key high-demand events in San Diego, bringing over 120,000 visitors every year to one of the finest cities in the U.S.
“Bookings for this event always started coming in a year in advance, and demand flow has multiple peaks during the year, so it is really important to keep a close eye on these dates, to achieve the highest possible results,” said Dana
Blasi, owner of the Ramada gaslamp/Convention Center hotel.
This year, the hotel’s STAR report showed incredible results: RevPAR (revenue per available room) index reaching 192% of the hotel’s compset (on select days). Using i-Rates software, Ramada Gaslamp achieved the record-breaking monthly RevPAR index of 118.6% for July 2013.
“i-Rates Revenue Management software has proven its ability to provide substantial benefits for hotel properties and drive RevPAR during high-demand periods, including such legendary events as San Diego’s Comic-Con” - said David Callander, Vice President Sales at i-Rates, LLC.
Ramada Gaslamp has been using i-Rates software since February 2012, achieving impressive RevPAR lift, up to 40% year-over-year during some months. For the second year in a row, Ramada Gaslamp has been significantly growing revenues and outperforming its competitors.
i-Rates is the new-generation Hotel Revenue Management System that is extremely intelligent yet simple to use. It sells hotel rooms at an optimal price every day of the year, automates daily routine revenue management tasks, and provides all necessary information for a manager’s strategic analysis and increases the bottom line. It is adaptable and fully flexible. The core of i-Rates is the innovative state-of-the-art algorithm based on the mathematic theory of reinforcement learning. Its central algorithm is based on maximizing the final yield when taking into account all revenue-generating factors. For more information, visit i-Rates at www. i-rates.com or contact the company at (619) 344-0466 or via the i-Rates online form .
About Ramada Gaslamp/Convention Center Hotel
Ramada Gaslamp/Convention Center hotel is also known as the Ramada St. James. This historic establishment, built in 1913, combines an ambiance of yesteryear with the convenience of 21st century amenities and services. The hotel is located in San Diego's entertainment district, the Gaslamp Quarter, less than a mile from the San Diego Convention Center.
All 99 newly renovated hotel rooms are outfitted with boutique touches that reflect the historic nature of our Gaslamp Quarter inn. Some hotel rooms offer views of San Diego's scenic downtown. For more information visit www.stjameshotel.com or call 1-800-664-4400.