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The travel industry’s first day-by-day market forecast tool
95% recommended by 21 hotels
More than 50% of LodgIQ’s reviews come from United States of America.
What is LodgIQ?
Founded in 2017 | Headquarters in New York, NY | 31 employees
Market Intel (by LodgIQ) is a sophisticated market intelligence solution designed for the travel industry. This tool offers businesses competitive and strategic insights into market demand, event impacts, average daily rate (ADR), and revenue per available room (RevPAR) fluctuations within specified markets and submarkets. Market Intel is valuable because it enhances revenue management by providing data-driven analysis, helping businesses optimize pricing and strategy. It seamlessly integrates with existing Revenue Management Systems (RMS) for tactical analysis or can be used within LodgIQ’s RMS for more strategic decision-making. Additionally, consumers can access it as a standalone tool for market shopping, making it versatile and essential for informed decision-making in the travel sector.
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This description was generated by AI which analyzed the following sources to summarize a description of LodgIQ products, features and capabilities. Leveraging user generated verified data sources allows us to generate a more helpful and realistic description for hoteliers free of sales promotion and hyperbole.
Sources
Verified hotelier reviews
We analyze all verified product reviews as a way to understand and summarize what real users/hoteliers are saying about the product to provide a more accurate and relevant description for buyers than only what vendors provide.
We analyze recommendations from industry experts who we ask to describe the most valuable features and capabilities of the product as well as key differentiators and what types of hotels the product works best for to extract unique insights and perspective for buyers.
While its important to incorporate analysis from verified user reviews and industry experts to create more balanced content, the way a vendor describes their overall company and vision can also shed light on their unique perspective or way of doing business which is why the AI ingests this information as well to add more context to paint a picture of what the company says vs what users and industry experts say.
LodgIQ's Provided Description:
"Gain competitive and strategic insight into demand, events impact, average daily rate, and revenue per available room fluctuations within a desired market and submarket. Whether coupled with an existing RMS for tactical revenue analysis, utilized within LodgIQ’s own RMS for enhanced strategic decision-making or accessed by consumers as a standalone shopping tool, Market Intel has a wide range of innovative applications that make it a travel industry lifeline."
This vendor's trending score is rising, Market Intel (by LodgIQ) is the #20 most trending product in the Rate Shopping category (out of 36) and the #750 most trending product overall in the global hotel tech ecosystem. HTR assesses vendor's real time activity in the market to give buyers a sense of whether a product is gaining momentum
This vendor has not met the minimum criteria for the Certificate of Excellence which is awarded to vendors who exemplify transparent cultures and come highly recommended by their clients. For more information, please see the help center.
LodgIQ has opted not to share general pricing on their profile but you can request a quote below. Often this is an indicator that pricing is flexible so it is recommended that you obtain multiple price quotes to negotiate.
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As a hotelier who has managed multiple properties, I've tested various Revenue Management Systems (RMS), but none have impressed me as much as LodgiQ. This innovative RMS offers exceptional pattern recognition, controlled automation in pricing, and a user-friendly interface, making it an invaluable tool for any hotelier seeking a smart RMS solution.LodgiQ's machine learning algorithms excel at analyzing data, empowering hoteliers to make confident, data-driven decisions. The controlled automation in pricing strikes a perfect balance between AI-driven recommendations and human input, ensuring pricing strategies align with the hotel's brand values.The intuitive interface and seamless integration with existing Property Management Systems make LodgiQ easy to implement and navigate. I've used LodgiQ at several hotels and highly recommend it to anyone in the industry seeking an advanced and effective RMS.
What do you dislike or think could be improved?
While LodgiQ is an outstanding RMS, there is always room for improvement. One suggestion I have is for the company to involve its clients in the beta testing of new features and updates. By engaging hoteliers in the development process, LodgiQ can gather invaluable user feedback to fine-tune and enhance its system even further.
5.0
Excellent
Ease of Use
5.0/5
Customer Support
5.0/5
ROI
5.0/5
Implementation
5.0/5
As a hotelier who has managed multiple properties, I've tested various Revenue Management Systems (RMS), but none have impressed me as much as LodgiQ. This innovative RMS offers exceptional pattern recognition, controlled automation in pricing, and a user-friendly interface, making it an invaluable tool for any hotelier seeking a smart RMS...
LodgIQ defines the NEW ERA in revenue management by not just beating your competitive set but also beating the broader market. LodgIQ provides you with specific data points for future to capture additional $$$ of opportunity available in the market, besides your immediate competitive set. This is the NEW ERA which both revenue managers and owners like.I have personally, used this system in many key markets in US for both independent hotels and cluster of both branded and independent hotels in same market by sharing the information and have seen dramatic positive results in performance against the market.
Chief Commercial Officer & Founder
from
25-49 room
Branded Hotel
in
New York City
(United States of America)
While I second most of the reviews mentioned in this article but would like to emphasize on some important features from a seasoned revenue professional's point of view. (1). Ease of use and visualization of data with the feature to super-impose graphic data to make quick speed to market decisions, (2). Market related future data by day to provide prescriptive pricing strategy, (3). accurate forecasting and (4). customizable and easy reporting to assist in BI, operations and efficiency. Needless to say that their customer service is very adaptable to ever changing needs of a revenue professional.
What do you dislike or think could be improved?
While the system has most of the features which are really necessary from a revenue professional's day-to-day working but some enhancements in room type pricing, rate plan pricing and restrictions would further enhance the system. The team of LodgIQ has been making very fast improvements on these.
5.0
Excellent
Ease of Use
5.0/5
Customer Support
5.0/5
ROI
5.0/5
Implementation
5.0/5
While I second most of the reviews mentioned in this article but would like to emphasize on some important features from a seasoned revenue professional's point of view. (1). Ease of use and visualization of data with the feature to super-impose graphic data to make quick speed to market decisions, (2). Market related future data by day to...
The system is easy to use and provides me with all the information I need to make informed pricing decisions. LodgIQ also has a powerful forecasting tool that helps me predict future demand, which allows me to make proactive pricing adjustments. Shout out to the customer success as well as their support team. They are very responsive to my questions and concerns, and they always take the time to understand my needs and thoroughly communicate solution timelines. Since using LodgIQ, I have seen positive impact to my hotel's topline revenue. I am confident that LodgIQ is the best revenue management system on the market and I would highly recommend it toany hotelier looking to increase their top line.
What do you dislike or think could be improved?
Feedbacks have been given to optimize sensitivity analysis helping DOW / WOW / YOY comparison, which has been in the pipeline and will be deployed soon.
5.0
Excellent
Ease of Use
5.0/5
Customer Support
5.0/5
ROI
5.0/5
Implementation
5.0/5
The system is easy to use and provides me with all the information I need to make informed pricing decisions. LodgIQ also has a powerful forecasting tool that helps me predict future demand, which allows me to make proactive pricing adjustments. Shout out to the customer success as well as their support team. They are very responsive to my...
Finally a system that is easy to understand without unnecessary data and noise. Can use it to share with entire exec team who may or may not have RM experience and get your point across.
Revenue Management
from
200 to 499 room
City Center Hotel
in
Miami
(United States of America)
Great service and partnership. Small team relationship mentality which means we move through changes and customization needs quickly. Work as if they are internal team not external vendors.
What do you dislike or think could be improved?
Could provide more customized reporting. In addition to the great platform, they could further develop to be one stop shop for all RM analytics and data.
4.5
Excellent
Ease of Use
5.0/5
Customer Support
5.0/5
ROI
5.0/5
Implementation
4.0/5
Great service and partnership. Small team relationship mentality which means we move through changes and customization needs quickly. Work as if they are internal team not external vendors.
LodgIQ keeps knowledge at my fingertips. This has allowed me to be ready for any questions fired my way in mere moments. LodgIQ is my default, go to for market conditions, pace, and quick reference in pick up and segmentation analysis. The LodgIQ teams responsiveness and willingness to help in a fast moving industry is also admirable.
What do you dislike or think could be improved?
LodgIQ continues to build and change for the better. I think another one of their strong suits is the openness to listen to their partners feedback and adapt to change. I think room type pricing and fine tuning pricing recommendations can remain the main area for improvement and focus. Screen formatting, compatibility as a minor tune up, specifically on a laptop would be a welcomed improvement.
5.0
Excellent
Ease of Use
5.0/5
Customer Support
5.0/5
ROI
N/A
Implementation
N/A
LodgIQ keeps knowledge at my fingertips. This has allowed me to be ready for any questions fired my way in mere moments. LodgIQ is my default, go to for market conditions, pace, and quick reference in pick up and segmentation analysis. The LodgIQ teams responsiveness and willingness to help in a fast moving industry is also admirable.
We use Lodgiq for daily pricing by room type. This allows us to price rooms individually, outside of a heirarchy system more efficiently than other systems.
Director of Revenue
from
1 to 4 room
Boutique
in
Las Vegas
(United States of America)
Allows historical views as a snapshot of past pricing to help determine current pricing. Allows pricing over many weeks at a time without having to reload a new screen for each day.
What do you dislike or think could be improved?
Some technical issues occur occasionally with date ranges, no updates, or does not update sometimes. Support has been slow to resolve issues.
5.0
Excellent
Ease of Use
5.0/5
Customer Support
3.0/5
ROI
5.0/5
Implementation
5.0/5
Allows historical views as a snapshot of past pricing to help determine current pricing. Allows pricing over many weeks at a time without having to reload a new screen for each day.
The reporting options and detailing is great while the overall system is very streamlined. Lastly, the comp set/market data is an extensive tool.
What do you dislike or think could be improved?
Everything is streamlined and efficient while user friendly to find reporting, pick up, pace, etc. The market analysis is detailed as well and can be utilized for various DORM and leadership meetings.
5.0
Excellent
Ease of Use
5.0/5
Customer Support
5.0/5
ROI
5.0/5
Implementation
5.0/5
The reporting options and detailing is great while the overall system is very streamlined. Lastly, the comp set/market data is an extensive tool.
Lodgiq is one of the most user friendly RMS platforms I have used. Super simple to change rates on the fly. Great tracking of historical pace by segment and quick to check on market performance.
What do you dislike or think could be improved?
More details that can be drilled down to. Would be great to see rate code production, company production, room type, etc.
4.0
Very Good
Ease of Use
5.0/5
Customer Support
5.0/5
ROI
5.0/5
Implementation
5.0/5
Lodgiq is one of the most user friendly RMS platforms I have used. Super simple to change rates on the fly. Great tracking of historical pace by segment and quick to check on market performance.
I start my day with a glimpse of the Flash Report on the dashboard which provides a quick view of the occupancy and ADR OTB over the next 12 months. I also get a high-level overview of the nightly pickup. At this point, I can drill down to appropriately make strategy decisions by market category. The ability to upload the budget and forecast into LodgIQ makes variance data relevant and up-to-date. Since this system links to OTA Insights, rate shops, and rate recommendations are in one easy location. Pricing changes can be made here that upload to Travel Tripper/Pegasus. Overall, the graphics are simple to read and understand making them useful to use during executive meetings. Lastly, the Booking Curve tab is fantastic at reviewing YOY pickup and provides insight into making strategic changes to either increase or decrease the pace.
What do you dislike or think could be improved?
1. I love data. I wish that I could export the data in .csv data format. Unfortunately, the data is exported in excel format with some column headers in merged cells. This requires manual formatting and renaming columns to be able to pivot or extract data. It would also be nice to be able to download the graphics into a PowerPoint slide.
2. The Flash Report has a 3-month overview. I would like to be able to scroll down and see the data in this format for a full 12-month month view. Either that or switch Occupied Rooms to Occupancy % on the top view.
3. The Market Summary tab is not effective without a side-by-side comparison of the hotel's performance. I have to extract the data and then line up my property's performance next to the market performance to use this information. A side-by-side view would immediately highlight days with variances that require a strategy change.
4. A few links are glitchy for me. The group pricing tab never completely loads. The Rate Update History screen for a specific date when clicked on in the Pricing tab does the same thing.
5. The location of the tabs on the right is not exactly intuitive. Market Sell rates and Comp Set for instance are not located next to the Price Calendar. I feel like there should be a way to get a report that has the various rates in one report.
4.5
Excellent
Ease of Use
5.0/5
Customer Support
5.0/5
ROI
3.0/5
Implementation
3.0/5
I start my day with a glimpse of the Flash Report on the dashboard which provides a quick view of the occupancy and ADR OTB over the next 12 months. I also get a high-level overview of the nightly pickup. At this point, I can drill down to appropriately make strategy decisions by market category. The ability to upload the budget and forecas...
The ability to quickly compare and appreciate the price recommendations screen. We have been using this for pricing changes ever since. It is seamless and the user can see it instantly change in all platforms.
What do you dislike or think could be improved?
Sometimes the recommendations are shetchy becasue of peaks and valleys with the comp set pricing. May need better algorithms to smoothen the recommendations. But the platform offers the ability to manually change if needed. That is great.
5.0
Excellent
Ease of Use
5.0/5
Customer Support
5.0/5
ROI
5.0/5
Implementation
5.0/5
The ability to quickly compare and appreciate the price recommendations screen. We have been using this for pricing changes ever since. It is seamless and the user can see it instantly change in all platforms.
LodgIQ has not yet had their customer support processes certified by Hotel Tech Report. We recommend referencing the GCSC rubric during your demo call to make sure that this vendor has strong processes in place to support customers.
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Product Updates
Support Not Verified
This vendor has not been GCSC Certified so Hotel Tech Report is unable to verify their support processes.
This vendor does not appear to have basic support essentials. Vendors who provide top tier support maintain a knowledge base help center and product updates changelog for customers.
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Response Time
Less than a day
Recommended
95%
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