My Place Hotels will implement IDeaS’ scalable, automated revenue management system across its portfolio of 80+ extended-stay hotels in 31 U.S. states.
Following a competitive evaluation process, My Place Hotels selected IDeaS to power My RevPulse, a system that enables smarter pricing, forecasting and operational efficiency across its growing portfolio of hotels. As part of the partnership, My Place properties will benefit from the system’s simple UI and predictive analytics, giving operators an easy way to make smarter revenue decisions. Designed for select-service hotels, the intuitive system anticipates demand shifts, keeping hotels ahead of competitors that may rely on reactive approaches.
“My Place Hotels is at the forefront of affordable, impactful hospitality, and we are excited to extend our AI-driven revenue management expertise and capabilities to their franchise partners,” Sanjay Nagalia, co-founder, chief operating officer and chief technology officer, IDeaS, said in a statement. “Together, IDeaS and My Place Hotels can improve profitability, operational efficiency, and the guest experience across this rapidly growing portfolio.”
My Place’s partnership with IDeaS ensures its operators have access to a more competitive rate strategy in today’s dynamic market, leveraging automated, intelligent pricing and AI-powered forecasting to maximize revenue and occupancy. Additional capabilities include:
Automated rate and restriction recommendations based on real-time demand, booking pace, and market data.
Improved decision-making through reliable forecasting and market insights.
Reduced manual effort that allows for more time to focus on guest satisfaction and local market strategy.
"At My Place, what really sets us apart is our custom-built technology stack designed specifically around what matters most to hotel operators," said Matt Campbell, chief operating officer at My Place Hotels. "IDeaS offers a superior product and a history of success in the RMS world. We felt it was the right technology to help us develop our My RevPulse solution for our properties, allowing our teams to focus on what truly counts: great service."
By bringing advanced automation, predictive analytics, and AI-powered insights to the upper midscale segment, IDeaS and My Place Hotels are helping operators unlock higher revenue per available room and more consistent profitability.