SINGAPORE, Oct. 18, 2016 /PRNewswire/ -- LodgIQ™, which is firmly committed to reimagining the discipline of revenue optimization, today announced the launch of its ground-breaking new platform, LodgIQ ONE™. LodgIQ ONE™ harnesses the power of LodgIQ's patented market-based forecasting and optimization algorithms and machine learning platform, and completely eliminates any dependencies on PMS or CRS connectivity.
LodgIQ ONE™ is particularly suited for hotels with less complex operating environments, whether independent or branded, select-service or full-service, and can be self-launched by any hotel, in any market, within a matter of minutes. The platform intelligently scans all relevant market demand and price-elasticity signals in real-time to determine the true competitive set of any hotel, and derives optimal price recommendations for up to 180 days in the future. The highly intuitive user interface provides all relevant market and competitive intelligence, and enables effortless rate optimization across any hotel's entire distribution network.
LodgIQ ONE™ delivers many industry-firsts:
- ONE Screen: Centralized, single-view command center
- ONE View: Integrated competitive rate shopping and market intelligence
- ONE Click: Single click rate updates across all relevant channels
- ONE Start: Patented, instant launch process
- ONE Price: Affordable, transparent pricing on a month-by-month basis
"We believe that the needs of smaller hotels are far too often overlooked when it comes to RMS platforms," says Ravneet Bhandari, CEO at LodgIQ. "Ultimately, technology needs to empower the widespread utilization of revenue and price optimization tools for all hotels, regardless of their size or operating complexity. The backbone will always continue to be LodgIQ's highly sophisticated machine learning and predictive analytics engine, but our goal with LodgIQ ONE™ is to provide hoteliers with an affordable, effortless, user-friendly and extremely agile platform. LodgIQ ONE™ will start delivering revenue and profitability gains within minutes. Any hotel. Any market. Anywhere in the world; guaranteed."
To see how LodgIQ ONE™ can instantly be configured for your hotel, or to arrange your private demonstration, visit LodgIQ at Booth 047 at ITB Asia in Singapore. Appointments can also be scheduled by email: firstname.lastname@example.org. For more information visit www.LodgIQ.com.
LodgIQ™ is a start-up dedicated to providing advanced revenue optimization technologies to the travel industry. Their breakthrough next-generation revenue optimization platform, LodgIQ RM, was developed by seasoned travel executives and Silicon Valley technologists. LodgIQ was recently awarded the Golden Bridge Award for "Startup of the Year- 2016" in the Hospitality & Travel category.
Built around a multi-source big data eco-system, LodgIQ RM combines sophisticated machine learning with an intuitive and powerful user interface to deliver advanced recommendations and actionable analytics. The platform is designed to think, learn and morph with each user's unique clickstream enabling the user to make optimal revenue decisions. LodgIQ has headquarters in New York City, and maintains offices in Silicon Valley, Singapore, London and Bangalore.
Media contact: North 6th Agency (for LodgIQ)
To view the original version on PR Newswire, visit:http://www.prnewswire.com/news-releases/lodgiq-debuts-lodgiq-one-first-ever-intelligent-platform-to-utilize-real-time-market-data-for-price-optimization-300346440.html