SiteMinder, IDeaS release ‘Dynamic Revenue Plus’

SITEMINDER, THE HOSPITALITY software platform led by CEO Sankar Narayan, and IDeaS recently launched the “Dynamic Revenue Plus” revenue management system
that enables hotels to access live market intelligence and quickly act on their bookable inventory, pricing and distribution strategies. This mobile-first solution
allows any hotel to optimize revenue based on market demand, unlike traditional RMS, which are often limited to select hotels.

Dynamic Revenue Plus employs data from SiteMinder’s platform, encompassing 120 million annual hotel bookings, and will soon be enhanced with pricing recommendations
from IDeaS, the companies said in a joint statement.

“We’re committed to democratizing revenue management and bringing the benefits of dynamic, demand-based pricing to hotels across the globe,” said Klaus Kohlmayr,
IDeaS’ chief evangelist and development officer. “This partnership offers hotels of all sizes and operating models a viable option to avoid losing revenue due to
outdated manual practices.”

The integration of IDeaS’ dynamic pricing capabilities with SiteMinder’s distribution platform and market intelligence will help hotels of all sizes, including
those with limited resources, with robust revenue management and quick market access, the statement said. It will initially be available to hotels in Australia
and New Zealand, expanding to other markets in 2025, the companies said.