Four Seasons Hotels and Resorts Selects maxim Revenue Management System From Talus and YMSI.MOUNTAIN VIEW, Calif.--(BUSINESS WIRE)--March 18, 1999--Four Seasons Hotels Limited has selected the maxim(R) revenue management system developed by Talus talus (tā`ləs), deposit of rock fragments detached from cliffs or mountain slopes by weathering and piled up at their bases. A talus is a common geologic feature in regions of high cliffs. for installation throughout Four Seasons Hotels and Resorts The creator of this article, or someone who has substantially contributed to it, may have a conflict of interest regarding its subject matter. It may require cleanup to comply with Wikipedia's content policies, particularly neutral point of view. . maxim(R) is the state-of-the-art Revenue Management system developed for the hotel industry by Talus and distributed and supported by Yield Management Systems, L.L.C. of Chicago. "We reviewed and evaluated other systems, paying careful attention to cost as well as performance," said Nick Mutton mutton, flesh of mature sheep prepared as food (as opposed to the flesh of young sheep, which is known as lamb). Mutton is deep red with firm, white fat. In Middle Eastern countries it is a staple meat, but in the West, with the exception of Great Britain, Australia, , Senior Vice President, Operations, for Four Seasons. "We selected maxim(R) because we believe the system will quickly generate increased revenues and profits. maxim(R) impressed us as a feature-rich system that combines superior ease of use with powerful optimization and forecasting capabilities. After successful installation at a number of pilot sites, we anticipate rolling-out maxim(R) to a majority of our Four Seasons Hotels." "We are confident that our maxim(R) product will produce exciting results for Four Seasons," said Robert G. Cross, Talus CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. and Chairman. "We measure our success by the success of our clients and we are thrilled to add Four Season Hotels and Resorts to our portfolio of highly respected clients." "We are delighted that our maxim(R) system has been selected as the Revenue Management solution for Four Seasons Hotels and Resorts," said Steve Gelb, Managing Director, YMSI, "and we look forward to helping Four Seasons realize increased revenues and profits as we install the highly effective maxim(R) system at their hotels around the world." About Four Seasons Hotels and Resorts Four Seasons Hotels and Resorts is the world's leading operator of luxury hotels and currently manages 43 properties in 18 countries, primarily under the Four Seasons and Regent brand names. In 1998, Four Seasons acquired management of The Ritz Hotel
The Ritz Hotel London is a 133-room hotel located in Piccadilly and overlooking Green Park in London. History Famed Swiss hotelier César Ritz opened the hotel on May 24, 1906. in Lisbon, opened its second resort in Bali (at Sayan), and assumed management of the Kuda Huraa Reef Resort in the Republic of the Maldives. In March 1999, Four Seasons opened a hotel in Las Vegas Las Vegas (läs vā`gəs), city (1990 pop. 258,295), seat of Clark co., S Nev.; inc. 1911. It is the largest city in Nevada and the center of one of the fastest-growing urban areas in the United States. , Nevada; and other expected openings in 1999 include hotels in Paris, France (the reopening of the George V George V, king of Great Britain and Ireland George V (George Frederick Ernest Albert), 1865–1936, king of Great Britain and Ireland (1910–36), second son and successor of Edward VII. ); Canary Wharf in London, England; and Cairo, Egypt (the company's first property in the Middle East); and resorts in Punta Mita, Mexico and Scottsdale, Arizona (both resorts will include vacation ownership developments). While most hotels bear the respective names of Four Seasons or Regent, some do not, including the Ritz-Carlton in Chicago and The Pierre in New York New York, state, United States New York, Middle Atlantic state of the United States. It is bordered by Vermont, Massachusetts, Connecticut, and the Atlantic Ocean (E), New Jersey and Pennsylvania (S), Lakes Erie and Ontario and the Canadian province of . Four Seasons Hotels Inc. is traded on the New York Stock Exchange New York Stock Exchange (NYSE) World's largest marketplace for securities. The exchange began as an informal meeting of 24 men in 1792 on what is now Wall Street in New York City. under the ticker symbol Ticker Symbol An arrangement of characters (usually letters) representing a particular security listed on an exchange or otherwise traded publicly. When a company issues securities to the public marketplace, it selects an available ticker symbol for its securities which investors "FS". Information on the company can be accessed through the Four Seasons website at www.fourseasons.com. About Talus Located in Silicon Valley, Atlanta and London, Talus provides Revenue Management solutions to businesses around the world. By combining business process design, sophisticated mathematical algorithms, and advanced information technology, Talus offers innovative software systems and business processes that have delivered more than 15 billion (US$) of incremental revenue to clients. For more information about Talus, please visit their website at www.talus.net. About YMSI YMSI is the exclusive distributor of maxim(R), developed by Talus as the most advanced revenue management product available to the hotel industry. YMSI markets and provides customer support of maxim(R) from its offices in Chicago, Atlanta, and Omaha. For more information about YMSI, please visit the company website at www.ymsi.com. |
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