DALLAS , May, 24 2007 -

DALLAS – May 24, 2007 -- AltiusPAR, a pioneer in developing software solutions and services for the hospitality industry, announced today that it was recognized as a finalist in the New Innovator category for the Travel Industry Association’s Innovator of the Year award. Companies were chosen based on their innovative contributions to the travel industry and were honored at the TravelComm Res-Expo conference and trade show in Las Vegas last month.

“We are thrilled that AltiusPAR has been selected a finalist for this prestigious award,” said Connie Rheams, vice president of marketing and business development.  We continue to focus on developing innovative, next generation solutions to provide hotels with real-time inventory, modern guest management tools, and ultimately a 360-degree view of their guests.  This nomination from the Travel Industry Association reflects the growing recognition of AltiusPAR’s accomplishments and our continuing leadership in delivering the latest enterprise technology to the hospitality industry.”

As part of the nomination process, AltiusPAR submitted a case study based on one of its largest customers, Grupo Posadas.  By implementing AltiusPAR’s solution, the hotelier was able to achieve the following results:  

·         Increased RevPAR by as much as 6% across its chains

·         Centralized personnel and processes and reduce distribution operating costs by 15%

·         Increased Central Reservations conversion rate by more than 10%

·         Decreased technology Total Cost of Ownership (TCO) by more than 30%

·         Significantly increased overall guest satisfaction

·         Increased labor and sales force productivity

About AltiusPAR   
AltiusPAR delivers innovative, next generation enterprise solutions that enable hotel chains to efficiently manage room inventory, increase revenue and enhance their customer’s experience. Built with the unique needs of the hospitality industry in mind, AltiusPAR’s solutions support and enable the unique business processes of their customers while removing the hurdles they face when trying to manage complex inventory and pricing data across multiple reservation channels.  Over 6,000 users in 112 hotels worldwide rely on AltiusPAR’s real-time, highly scalable and customizable solutions that free them from the burden of technology capital expenditure, hardware, software, service and maintenance, allowing them to focus on their core business initiatives. For more information about the company or its solutions, please visit www.altiuspar.com or call (940) 497-5300.

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