LodgIQ™ Expands in 250 Markets With Industry First Self-Onboarding Revenue Optimization Platform, LodgIQ One™
In one year, LodgIQ™ expands rapidly to 500 hotels and looks to empower another 3,000 hotels in 2017
LodgIQ™, which is firmly committed to reimagining the discipline of revenue optimization, today announced the rollout of 250 global markets that are now available on their newest ground-breaking platform, LodgIQ ONE™. LodgIQ ONE™, launched in October 2016, is the only revenue optimization platform that allows hoteliers to self-onboard any property in less than 5 minutes.
LodgIQ ONE™ harnesses the power of LodgIQ’s patented market based forecasting and optimization algorithms in conjunction with their machine learning platform, making hotel pricing easier for independent or smaller branded hotels. The product is specifically designed to make smarter pricing decisions by determining, in real-time, the true competitive set of any hotel.
Since the company’s inception in early 2016, LodgIQ™ has secured $5 million in seed funding led by Highgate Ventures and Trilantic Capital Partners and successfully launched unique product offerings, LodgIQ RM™/LodgIQ Mobile RM™ and LodgIQ ONE™.
In one year, LodgIQ™ has tripled the size of their team with five offices worldwide, including representation in 40 countries and 250 markets. LodgIQ’s patented technology is being deployed at over 500 hotels across the globe, firmly establishing them as a technology leader in revenue optimization.
“We are looking to empower all hotels, regardless of their location, size or operating complexity,” says Ravneet Bhandari, CEO at LodgIQ. “LodgIQ will continue to innovate and expand in order to provide the most sophisticated machine learning and predictive analytics technology, and deliver industry-leading returns for our customers. That remains our key mission and guiding principle.”
In 2017, LodgIQ™ expects to increase its offerings globally by being in 500 markets and having 3,000 hotels utilize their technology.
To see how LodgIQ ONE™ can instantly be configured for your hotel, or to arrange your private demonstration, visit LodgIQ at Booth #124A in the Main Technology Hall 8.1 at ITB Berlin in Germany. Appointments can also be scheduled by email: showme@lodgiq.com. For more information visit www.LodgIQ.com.
About LodgIQ
LodgIQ™ provides advanced travel industry revenue optimization technologies. Its breakthrough next-generation revenue optimization platforms, LodgIQ RM and LodgIQ ONE, were developed by seasoned revenue management executives and Silicon Valley technologists. LodgIQ’s products combine sophisticated machine learning with an intuitive and powerful user interface delivering advanced recommendations and actionable analytics. LodgIQ RM is for full service hotels while LodgIQ ONE is geared to boutique, independent and focused service hotels. LodgIQ is headquartered in New York City, and maintains offices in Silicon Valley, Singapore, London and Bangalore.