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
In this podcast, LodgIQ’s Fabian Bartnick sits down with Glenn Haussman, host of No Vacancy podcast, to make the case for data driven revenue management. We ask one important question: Is revenue management via Excel spreadsheet alone still effective? We’ve spoken a lot about how buying behaviors and demand factors are evolving, but let’s speak...Continue Reading
Predictive and prescriptive analytics are the focus of Machine Learning 401. Here are Machine Learning 101, 201, and 301, in case you missed it. If you made it this far, congratulations. You’ve learned a lot, but here’s where it starts to get tricky. This is where predictive and prescriptive analytics come into focus, two areas in which modern revenue management...Continue Reading
Analytics is the focus of Machine Learning 301. Here are Machine Learning 101 and 201, in case you missed it. Analytics are a valuable tool to finding new ways to generate more hotel revenue. But to fully impact hotel profit with technology, different types of analytics must be leveraged. Not all analytics are created equal, especially when it comes to...Continue Reading
In Machine Learning 201 we explore the role of data patterns in modern revenue management strategies. Here’s Machine Learning 101, in case you missed it. Patterns rule the world, but understanding them, and using them to our advantage was previously complicated, if not outright impossible. But modern revenue management trends are proving that all is revealed...Continue Reading
