Atomize, a cutting-edge AI-driven revenue management solution, is excited to declare the successful integration and certification of its technology with Cloudbeds, a cloud-based hospitality management software. This collaboration now enables properties utilizing Cloudbeds to incorporate Atomize's revolutionary price automation technology seamlessly. This integration facilitates the utilization of real-time price optimization, enhancing operational efficiency, driving revenue growth, and bolstering their competitive advantage.
In recent developments, Atomize has seamlessly merged its technology with Cloudbeds, a renowned cloud-based hospitality platform. This achievement signifies that Atomize's capabilities are now accessible to numerous hotels spanning 157 countries that operate on the Cloudbeds platform.
Cloudbeds offers an all-encompassing hospitality management software tailored for global hoteliers and hosts. Their comprehensive software amalgamates solutions for reservations, revenue management, distribution, guest acquisition, and engagement into a unified system. This system is further enriched by a marketplace of third-party integrations. With a substantial number of properties worldwide relying on Cloudbeds, the platform stands as a prominent figure within its sector.
The integration with Atomize empowers Cloudbeds users to automate demand modeling and price optimization for their properties. This functionality enables them to achieve more with fewer resources, subsequently reducing costs, augmenting revenue, and optimizing profit margins.
Sebastien Leitner, VP of Partnerships at Cloudbeds, remarks, "Cloudbeds takes pride in collaborating with leading solutions that democratize and make revenue management more accessible for the broader lodging industry. Atomize's fusion of artificial intelligence, pricing mechanisms, and real-time price optimization holds immense benefits for our valued customers."
The bidirectional integration ensures that Cloudbeds' internal Property Management System (PMS) data, encompassing room inventory, bookings, pick-up pace, and occupancy, is seamlessly transmitted to Atomize. This data serves as the foundation for price assessments and the calculation of optimal rates for each room category in real time. Subsequently, the newly optimized rates are promptly conveyed back and updated within Cloudbeds, with projections spanning up to 730 days into the future.
For users of Cloudbeds, adopting Atomize yields several advantages:
- Real-time Revenue Maximization: Leveraging Atomize's unique real-time price automation empowers hotels to instantaneously adjust rates based on market demand shifts, leading to a potential average RevPAR increase of 15% within 6-12 months, as indicated by Atomize's customer portfolio.
- Time Savings: Atomize significantly enhances efficiency by automating price optimization and setting, effectively reducing manual workload and saving valuable time.
- Proactive Competitive Strategy: Insights derived from future demand data, including flight search volume, search pressure, and source market behavior, equip Atomize users with the ability to foresee demand trends and proactively adjust pricing strategies.
- Informed Decision-making: Atomize seamlessly incorporates competitive set (comp set) and market data, enabling precise price adjustments that balance hotel performance, market dynamics, and competitor insights.
- Optimized Inventory Distribution: Atomize dynamically adjusts prices for various room types and categories based on real demand, ensuring optimal inventory distribution.
- Enhanced Market Share: A significant number of Atomize clients observe an increase in RevPAR Index (RGI), with many experiencing over 15% growth in the initial quarter.
Alexander Edström, CEO of Atomize, emphasizes, "To navigate the challenges posed by evolving demand and staffing constraints, hotels need to streamline operations through intelligent automation. Atomize empowers hoteliers by automating price setting, thereby saving time and maximizing revenue. We eagerly anticipate supporting Cloudbeds properties and enhancing their success in their respective markets through the implementation of Atomize."
In essence, this collaboration between Atomize and Cloudbeds introduces a new era of streamlined revenue management for the hospitality industry, leveraging advanced technology to drive efficiency and financial growth.