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 Revenue Plus
Take control of every revenue-driving opportunity with dynamic pricing, real-time updates, local event information, and local market intelligence.
With Dynamic Revenue Plus, you have access to:
Dynamic pricing — Price with certainty and take the guesswork out with powerful, data-driven pricing recommendations to win every revenue opportunity.
Real-time mobile updates and actions — Take ultimate control with alerts that monitor changes and opportunities in your market, and demand-driving local events so you can adjust rates or channels from anywhere.
Local market intelligence — Supercharge your performance with comprehensive performance data, local events and market intelligence.
See how Dynamic Revenue Plus works here.
Dynamic pricing
Get personalised pricing recommendations powered by IDeaS, based on real-time property and market performance data — delivered directly to you.
Enable dynamic pricing recommendations in the web version of your SiteMinder platform (Insights > Dynamic pricing). When dynamic pricing is enabled, you can respond instantly to mobile notifications and action immediate rate adjustments via your SiteMinder mobile app, or set up dynamic pricing automation.
Note:
If you have a connected property management system (PMS) or revenue management system (RMS), once automated updates for dynamic pricing is enabled, you will manage pricing directly in your SiteMinder platform, and inventory updates will not sync from your PMS/RMS.
Price recommendations typically exclude taxes and additional fees.
Real-time mobile updates and actions
Take immediate control and respond instantly to mobile notifications and action immediate rate or channel adjustments wherever you are with the mobile app, or review at your own time in the SiteMinder platform.
Get real-time updates for:
Pricing recommendations — Price with confidence with powerful, data-driven pricing recommendations. Choose to update prices manually or automatically
Pace insights — see when your booking pace changes significantly compared to your market
Local events — Get alerts about local events predicted to drive demand so you can take immediate action to adjust pricing and maximise revenue
Competitor and market Market changes — Get alerts comparing your booking and pace performance to your local market that track changes in room nights, total room revenue, and ADR compared to the same day last year, adjusted for the same day of the week
Act instantaneously to unexpected opportunity alerts by making immediate rate or distribution changes such as applying a stop sells or minimum length of stay restrictions in a few taps on your SiteMinder mobile app.
Enable real-time mobile alerts: To enable mobile alerts with Dynamic Revenue Plus, download the free SiteMinder Mobile App on the Apple App Store and Google Play Store and log in with your existing SiteMinder account. To ensure you receive push notifications for high impact opportunities, make sure to “Allow notifications” when prompted by the app.
Local market intelligence
Dynamic Revenue Plus gives you access to comprehensive performance data and market intelligence. Review data within Insights in your Booking performance, Pace, and Availability reports.
Access local market data for total reservations, room revenue, total revenue and room nights, and more.
Make better strategic decisions by comparing your booking and pace performance to your local market.
View upcoming events and holidays within your pace reporting, allowing you to plan your pricing for periods of high and low demand.
Know where your guests are coming from compared to your local region and set the right promotions to attract and target the right guests.
Monitor your room availability to your fulfilment to identify when you may need to adjust rates or implement strategies to increase bookings, then compare with your local market.