Strong Growth for SiteMinder Business

Accommodation distribution company SiteMinder – which earlier this year raised USD30 million in financing – has revealed strong transaction growth. 

Co-Founder and CEO, Mike Ford, said SiteMinder’s distribution and transaction technology processed 18 million transactions during the year to June 30.

These transactions generated USD7.4 billion in hotel booking revenue, up from USD4.2 billion for the previous corresponding period.

Mr Ford said SiteMinder’s RDX platform offers more than 14,000 hotels across the globe rapid two-way, real-time XML connections between more than 80 PMSs and CRSs and around 200 distribution channels.

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