In one year, LodgIQ expands rapidly to 500 hotels and looks to empower another 3,000 hotels in 2017.
BERLIN – LodgIQ, which is firmly committed to reimagining the discipline of revenue optimization, 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.
Tatiana is the news coordinator for TravelDailyNews Media Network (traveldailynews.gr, traveldailynews.com and traveldailynews.asia). Her role includes monitoring the hundreds of news sources of TravelDailyNews Media Network and skimming the most important according to our strategy.
She holds a Bachelor's degree in Communication & Mass Media from Panteion University of Political & Social Studies of Athens and she has been editor and editor-in-chief in various economic magazines and newspapers.
