Hotels Generate Near $11 Billion in Revenue with SiteMinder

  • SiteMinder
  • 08.19.15
SiteMinder has revealed that it powered more than $10.8 billion in revenue for its hotel customers over the 12 months ending June 30, 2015.

The figure, generated from close to 27 million hotel reservations throughout the period, reflects another year of strong growth for SiteMinder and the uptake of its market-leading product solutions, which are now used at more than 19,000 hotels globally. These solutions include SiteMinder’s Internet booking engine, TheBookingButton, which, alone, generated over $650 million for hotels via their own website.

SiteMinder’s cofounder and managing director, Mike Ford, said these numbers show increasing recognition that best-of-breed hotel technology is crucial to attracting, reaching and converting the modern-day traveler.

“For a hotelier, the Internet economy is demanding more than ever before – with the continual emergence of new, alternative sales avenues such as TripConnect instant booking and the rapid speed at which today’s travelers make their hotel bookings online through their own booking engine or through mobile apps like Roomlia,” said Ford.

“Cloud technology such as SiteMinder’s, which meets these demands, empowers hoteliers to have greater control of the web as well as significantly lower costs of guest acquisition which they otherwise would not have. The web presents infinite opportunities to attract today’s traveler – both directly and using third-party sites – but it’s about making sure you have the broadest reach possible, the strongest of system integrations, the most reliable of channel connections and the most secure of data. This is what SiteMinder offers to hotels."

“There are tangible benefits of replacing the often-dangerous and costly process of manually managing reservations with complete real-time automation, and what these figures ultimately testify to are the fact that more and more hoteliers are realizing these benefits are no longer nice-to-haves among the elite chains, but accessible necessities for all hotels.”

Ford's comments echo Phocuswright and h2c’s Independent Lodging Market Report, sponsored by SiteMinder, which found that dynamic rate and availability management across multiple channels is a foreign concept to most independent hotels in the US, while, in Europe, managing room rates and availability remain largely manual processes for hotels.

Using the SiteMinder platform, hotels from across 160 countries have real-time, two-way connections to more than 250 distribution channels and more than 120 property management systems, central reservation systems and revenue management systems. Over the 12 months ending June 30, 2015, these hotels benefited from SiteMinder’s local presence in all key markets as well as its groundbreaking connections with Ctrip and wholesalers such as Tourico Holidays, and its acquisition of Globekey to complement TheBookingButton.

Related Articles
want to read more articles like this?

want to read more articles like this?

Sign up to receive our twice-a-month Watercooler and Siegel Sez Newsletters and never miss another article or news story.