LodgIQ Expands into 250 Markets with Self-Onboarding Revenue Optimization Platform
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 platform, LodgIQ ONE. LodgIQ ONE, launched in October 2016, is a 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 its 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 its team with five offices worldwide, including representation in 40 countries and 250 markets. LodgIQ’s patented technology is being deployed at more than 500 hotels across the globe, firmly establishing them as a technology leader in revenue optimization.
In 2017, LodgIQ expects to increase its offerings globally by being in 500 markets and having 3,000 hotels utilize their technology.
LodgIQ ONE harnesses the power of LodgIQ’s patented market based forecasting and optimization algorithms in conjunction with its 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 its team with five offices worldwide, including representation in 40 countries and 250 markets. LodgIQ’s patented technology is being deployed at more than 500 hotels across the globe, firmly establishing them as a technology leader in revenue optimization.
In 2017, LodgIQ expects to increase its offerings globally by being in 500 markets and having 3,000 hotels utilize their technology.