Dynamic Revenue Plus is currently available in Australia, New Zealand, United Kingdom, United States, Germany, Spain, and Mexico, and can be added to your existing SiteMinder plan. Go to Insights > Dynamic Revenue Plus to learn more or enquire here.
About dynamic pricing
With Dynamic Revenue Plus, you get tailored pricing recommendations powered by IDeaS, based on real-time property, competitor, and event data - delivered directly to you. Be agile and take control of every revenue opportunity.
Make quicker data-driven decisions with pricing recommendations and execute immediately across multiple channels
Never miss a revenue opportunity. Automatically apply pricing recommendations or act on them individually
Plan confidently with a 365-day heat map view to help you quickly identify high impact dates based on upcoming local events, performance indicators and competitor movements.
Enable dynamic pricing
To start receiving pricing recommendations with Dynamic Revenue Plus:
Log in to your SiteMinder platform (web version).
Go to Insights > Dynamic pricing.
In the banner, click on Select a rate plan to get started.
Select which rate plan you want to receive recommendations for.
Click Enable.
Note: Price recommendations typically exclude taxes and additional fees.
Set up dynamic pricing automation
When dynamic pricing is enabled, you can respond instantly to mobile notifications and immediately action rate adjustments via your SiteMinder mobile app. Or simply automate rate adjustments based on recommendations:
Log in to your SiteMinder platform (web version).
Go to Insights > Dynamic pricing.
Click on the settings icon.
Select the room types to automatically update with pricing recommendations (for the selected rate plan).
Rates will be automatically adjusted based on each pricing recommendation.
Dynamic pricing automation and PMS integration
Note about dynamic pricing automation and your PMS:
When dynamic pricing automation is enabled, you will manage pricing directly in your SiteMinder platform.
Rate updates from your PMS will no longer sync to your platform for the selected rate plan. Availability and restriction updates will still flow from your PMS as normal.
Dynamic pricing updates will be sent to all connected channels.
Review pricing recommendations and change history
In your SiteMinder platform:
Log in to your SiteMinder platform (web version).
Go to Insights > Dynamic pricing.
Click on the icons under the View filter to view by calendar or list view.
In the History column, click on the history icon to view the history of price changes, including date/time updated, the price change, and who actioned it.
In your mobile app:
In your mobile app, on the Home page, tap View calendar next to Dynamic pricing.
In the Calendar tab, tap on a date, then tap the Activity tab. In the List tab, tap View day then tap into the Activity tab.
💡 See all notifications in the Notifications tab.
💡 To deactivate dynamic pricing, go to Insights > Dynamic pricing > click on the settings icon > click the Deactivate dynamic pricing button.