Hospitality management software provider Cloudbeds and IDeaS, provider of hospitality revenue management software and services, have entered into a strategic technology partnership.
The collaboration will combine IDeaS’ latest revenue management solution with Cloudbeds’ hospitality management platform. The result will deliver a simple, yet powerful solution to enable thousands of independent hotel operators worldwide to reap the revenue benefits of automated dynamic pricing in an increasingly complex and competitive market, according to the companies.
The revenue management solution, already used in more than 10,000 hotels worldwide, is expected to be available to Cloudbeds clients in the summer.
“With a partnership between IDeaS and Cloudbeds, we’re creating something entirely new and innovative for our industry,” said Adam Harris, CEO/cofounder, Cloudbeds. “Hoteliers will benefit from our comprehensive solution that addresses their most pressing challenges and rewrite the rules for what’s possible in hospitality.”
Sanjay Nagalia, cofounder/COO/CTO, IDeaS Revenue Solutions, added, “We are excited to embark on this strategic journey with Cloudbeds. For many independent hoteliers, revenue management capabilities were believed to be out of reach. By combining our strengths, we’re poised to empower these hotels with the tools they need to thrive in today’s competitive landscape.”
Key benefits of the partnership, according to the companies:
- Integrated technology: The partnership seamlessly connects Cloudbeds’ property management system with IDeaS’ revenue management capabilities. Operators will be able to quickly and easily enhance their operational efficiency, pricing accuracy, and revenue generation capabilities.
- Leveling the playing field: The collaboration between IDeaS and Cloudbeds is poised to reshape the hospitality industry and democratize revenue management by offering a unified solution that opens the door to revenue management excellence and enhances overall operational efficiency for independent hotels worldwide.
- Designed for busy operators: The integration will empower hoteliers with automated tools that monitor and capitalize on market fluctuations to optimally price rooms via an easy-to-use, application purpose-built for busy hoteliers. It will allow operators to deliver personalized and memorable guest experiences by aligning pricing strategies with operational excellence.
