LodgIQ and HSMAI Forge Revolutionary Partnership

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NEW YORK – February 7, 2017 – LodgIQ, a sophisticated, machine learning-based revenue management system (RMS), is proud to announce a wide-reaching, global partnership with the renowned Hospitality Sales and Marketing Association International (HSMAI), a global organization of sales, marketing, and revenue management professionals. The unique partnership will encompass each HSMAI region around the world. “Being able to work with all…

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New year, new insights

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Disruption is everywhere and it’s forcing traditional businesses to reinvent themselves. Take Uber, for example, it’s forever altered how people travel around town, forcing traditional limousine and taxi companies to adapt, while peer to peer room rental sites are inexorably changing how customers think of the lodging experience, and how hoteliers think about their room product. So, it shouldn’t be…

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Tips for more effective pricing in today’s high-tech world.

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In a previous post, we focused on the intertwined connection between pricing rooms and forecasting rate thresholds. How they’ve become linked in our new digitally driven era. It’s an important realization needing to be made before it becomes possible to fully capitalize on revenue optimization opportunity. In this post, we’re discussing how to leverage this influential insight to seize pricing power….

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LodgIQ Brings Sophisticated, Machine Learning Technology to the IBC Marketplace

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NEW YORK – December 12, 2016 – LodgIQ™, which is firmly committed to reimagining the discipline of revenue optimization, today announced a partnership with IBC (InnDependent Boutique Collection), a leading provider of hospitality technologies for independent hotels, to bring its sophisticated, machine learning based revenue management system (RMS) to IBC customers. Starting this month, independent hotels using the proprietary IBC…

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smarter pricing

Smarter pricing with multi-data forecasting – Part 2

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This is part 2 of our smart hotel pricing series where we interview Fabian Bartnick, vice president of Asia-Pacific for LodgIQ. In this podcast Fabian discusses the effectiveness of older pricing strategies in modern revenue management. We also learn an interesting fact about ADR and sentiment pricing. Listen to Part 1. Prefer your news all at once? Sign up to receive revenue-related…

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Hotel size doesn’t matter in revenue management

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No matter a hotel’s size, a strong revenue management program is essential. Without one, it’s like playing a game of darts in the dark. You know the bullseye is out there somewhere, but finding it becomes near impossible. Yet, we still hear the same old excuses from hoteliers resistant to change. But while excuses feel warm, comfy and familiar; in…

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The Future of Forecasting

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To successfully compete, revenue management systems (RMSs) are an essential tool for effective and efficient room pricing. It’s no longer an issue of whether one is needed, but in which one will you invest. Yet, not all RMSs are created equal, especially in terms of forecasting. That’s because many products on the market are rooted in solely leveraging historical property…

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Machine learning in revenue management

Machine Learning in Revenue Management – Part 2

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  Welcome back to part 2 of our Machine Learning in Revenue Management podcast. In this interview, Somnath Banerjee, CTO of LodgIQ, reveals the many applications of machine learning that are already in use all around us, even in places we may not expect. You can revisit part one here. Got a question about machine learning? Ask it below and your question…

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Machine learning in revenue management

Machine Learning in Revenue Management – Part 1

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    In part 1 of this podcast, we interview Somnath Banerjee, CTO of LodgIQ, to learn more about the origins of machine learning and how it is being applied in revenue management technology to make intelligent pricing recommendations. Listen to part 2 here. Prefer your news all at once? Sign up to receive revenue-related news right to your inbox. Here’s…

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three critical rms features

Three critical RMS features

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With a daunting number of revenue management systems (RMS) available on the market, it’s a massive challenge to fully understand and appreciate the differences of each one. But finding the right platform for your hotel that helps you achieve your financial goals doesn’t have to be excessively complicated; that is, if you know what to look for. You can eliminate…

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