SiteMinder launches Prophet, a real-time market intelligence solution that takes the guesswork out of pricing hotel rooms and brings hotel software to the modern age. Providing continually up-to-date, aggregated market data that is refreshed daily or live on request by hoteliers through the system, users of Prophet will be able to analyze their competitor set in one consolidated screen and respond to demand up to a year in advance.
“Prophet is about empowering the world’s hoteliers who know revenue management is critical but don’t have the time, budget or expertise to harness the rapidly-changing rate and market data available to them and use it to their advantage,” said Mike Ford, SiteMinder’s managing director. “Prophet purposefully breaks market rate and demand intelligence down into consumable and meaningful insights that matter, so hoteliers can optimize room rates, maximize profitability, and stay ahead of competition easily and at an affordable cost.”
Through the product’s unique notifications feature, users will receive email alerts based on their pre-defined rules on market fluctuations, so they can say goodbye to manual forecasting and react quicker with strategic pricing decisions.
Prophet will appeal to a broad spectrum of accommodation providers, Ford said, from the smallest hotels up to mid-sized chains, with pricing plans that start free at the entry level and are available at a low monthly fee for more advanced users, to cater for different needs and levels of sophistication.
“The simplicity of Prophet is intentional,” Ford said. “As an industry, hoteliers have historically been exposed to clunky, slow and often unappealing software – and they’ve had no choice but to get used to that. It’s meant that our industry has been left behind from a software modernization perspective. Through solutions like Prophet, SiteMinder shows that software can still serve a function effectively while looking beautiful and being a pleasure to use.
One of those early adopters is Quest Southbank – Melbourne. “Being a property of nearly 90 rooms, we find that even half a dozen rooms moving on any single date can result in major changes to occupancy percentage, and ultimately result in lots of changes to how we manage our revenue overall,” said GM Jeremy Longstaff. “So, speedy and visually easy-to-read data is vital – and SiteMinder's Prophet provides that to us.”
Prophet now complements SiteMinder’s channel management, booking engine and website product solutions, to further empower hoteliers in competing for the online consumer.