LodgIQ™ Expands in 250 Markets with Industry First Self-onboarding Revenue Optimization Platform, LodgIQ ONE™

  • LodgIQ™
  • 03.10.17
LodgIQ™ announced the rollout of 250 global markets that are now available on its 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 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 its 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 it as a technology leader in revenue optimization.

“We are looking to empower all hotels, regardless of their location, size or operating complexity,” said 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 the company's technology.

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