Silicon Valley-based LodgIQ™, the AI-powered revenue management technology provider, announced that it has appointed hotel industry veteran Chris Connar to the key role of Vice President of Business Development. In this newly created position at LodgIQ, Chris is responsible for driving strategic new business to support the company’s strategy. Chris Connar is an accomplished and...Continue Reading
If you’ve scanned through the top news stories of the last few months, you’re likely well acquainted with the post-pandemic elephant in the room: record-high inflation. As expected, the collective (and prolonged) halt of global economies, the subsequent critical supply chain disruptions, and the ongoing war in Ukraine has placed significant pressure on the economic...Continue Reading
The truth is that you will need a higher-level pricing strategy for today’s competitive marketplace and the flexibility to make changes when needed. Price optimization and revenue management are the most prominent aspects that any business needs to address. While the hotel industry is truly unique, when it comes to price optimization, there’s a lot...Continue Reading
If you ask any hotelier these days, “What is your focus now that demand for travel is returning?”, invariably, their answer will allude to improving pricing strategy and sales and enhancing revenue management capabilities. Why? Because the hospitality industry grapples with extremely high customer acquisition costs – one of the biggest challenges facing hotels of...Continue Reading
Despite fears of a probable global recession and the impact of rising interest rates and inflation looming, travel demand is seeing no sign of slowing down. While other industries may see a slowdown, people are reluctant to give up travel and experiences again. The most recent American Travel Sentiment Study indicates that 92% of Americans...Continue Reading
Silicon Valley-based LodgIQ, a global revenue management technology provider has named David Millili as the company’s new CEO. Before joining the company, he served as CCO at Nomadix, CEO of Runtriz and CEO/board member of Pegasus Solutions. Prior to that, he founded and led Open Hospitality, which was acquired by Pegasus Solutions. He also cofounded...Continue Reading
Multi-layered market forecast framework for hotel revenue management by continuously learning market dynamics. LodgIQ’s AI driven Market Forecasting methodology which is published in the AI issue of Journal of Revenue and Pricing Management. Be sure to check out the full article here. With the rising wave of travelers and changing market landscape, understanding marketplace dynamics in...Continue Reading
In this post, Sumantra Banerjee examines how the travel and hospitality industries have fared from the onset of the COVID-19 pandemic until now. He also discusses the future of travel, including the rebound of different travel segments and new trends that will emerge. Be sure to Check out the full article here. The ongoing COVID-19...Continue Reading
In this post, Sumantra Banerjee discusses key indicators to track economic and financial recovery from the COVID-19 pandemic. These indicators involve business, consumer, and investor sentiment as well as the health of certain industries. Be sure to check out the full article. With the COVID-19 outbreak forcing a global economic closure, major countries have experienced...Continue Reading
In this podcast, LodgIQ’s Fabian Bartnick and Glenn Haussman, host of No Vacancy podcast, discuss the evolution of data analysis. Be sure to check out the first part of this discussion. The analysis of data is an evolution. Revenue managers must first understand the basics provided by descriptive and diagnostic analytics to fully understand and utilize...Continue Reading
