NEW YORK, March 17, 2014 /PRNewswire/ -- Three Woodside Hotels – two high-end resorts and an upscale property in the high demand Palo Alto market near Stanford University - have adopted Duetto Edge, the industry's leading revenue strategy and profit optimization solution.
With Duetto Edge, the Monterey Plaza Hotel & Spa, Lafayette Park Hotel & Spa and Stanford Park Hotel can now dynamically price individual room types and customer segments to drive higher Average Daily Rates (ADRs).
Unlocking fully dynamic pricing has led to an immediate positive impact on revenue, allowing Woodside Hotels to keep pace with modern distribution complexities - and move beyond the inherent limitations of systems that incorporate legacy Best Available Rate (BAR) methodologies.
"We are excited to partner with innovators like Duetto who can continue to deliver the capabilities we need to drive higher ADRs and optimize revenue in a fast-paced environment," said Josh Keller, Chief Operating Officer at Woodside Hotels. "With Duetto Edge, we now have the flexibility and control we needed to implement nimble and robust strategies to optimize pricing and business mix in a high demand market."
Duetto Edge is a modern web-based application that combines unparalleled flexibility, powerful insights and advanced alerting capabilities, to deliver effective new approaches to enhancing revenue and saving time.
Patrick Bosworth, Duetto's CEO, said: "We are proud to add this distinguished hotel collection to the growing list of leading hotels worldwide adopting Duetto Edge for a modern, more comprehensive revenue strategy."
Duetto delivers dynamic, intelligent revenue strategy solutions to the world's leading hotels, allowing them to maximize profits through superior, actionable data to better manage pricing, revenue and business mix decisions. Leveraging a cutting-edge, cloud-based architecture, combined with a feature-rich product set, Duetto transforms the way hotels price and sell rooms.
Duetto has attracted many of the highest regarded investors and advisors from the hospitality and technology industries, including, among others, Thayer Ventures, Battery Ventures, Altimeter Capital, Trinity Ventures, Benchmark Capital, Lee Pillsbury, founder and Chairman of Thayer Lodging, Marc Benioff, founder, Chairman and CEO of Salesforce.com, Mark Lomanno, former CEO of STR, Rich Barton, former CEO/Co-Founder of Expedia and Sam Shank, CEO and Founder of Hotel Tonight.
For more information, visit www.duettoresearch.com.
About Woodside Hotels
Woodside Hotels is an independent collection of distinguished California hotels, restaurants and spas, run by dedicated and passionate people who take great pride in delivering authentic hospitality and affordable luxury. Delivering service that is warm and engaging, hotels that are distinguished, and experiences that are authentically local, Woodside Hotels are proud to be ranked #1 on TripAdvisor in 5 of their 6 markets. For more information, visit www.woodsidehotel.com.
Dramatically perched over Monterey Bay and on historic Cannery Row, the Monterey Plaza Hotel & Spa is reminiscent of a Mediterranean seaside estate. It boasts attentive service, a signature rooftop spa, and exquisite dining at two waterfront restaurants and seaside Cafe. For more information, visit www.montereyplazahotel.com.
Adjacent to Walnut Creek and with easy access to the entire San Francisco East Bay, the Lafayette Park Hotel & Spa exudes European grandeur and style with its French Chateau architecture, and original art and sculptures. It boasts an atmosphere of refined elegance and meticulous service at its finest. For more information, visit www.lafayetteparkhotel.com.
Steps from Stanford University and adjacent to Palo Alto, the Stanford Park Hotel is renowned for its classic style, gracious service and relaxed sophistication. Adorned with original antiques, paintings and garden sculptures, the hotel reflects a refined residential elegance and charm. For more information, visit www.stanfordparkhotel.com.
Contact: Michael Frenkel, MFC PR – New York