Worth investigating?
” SalesAndCatering.com and LodgIQ have entered into a new strategic partnership to integrate LodgIQ’s revolutionary artificial intelligence (AI) revenue management technology into SalesAndCatering’s award-winning group and event management platform, STS Cloud. Effective group revenue management is critical for hotels seeking to maximize revenue and profitability in today’s competitive marketplace. Both companies will work together to support hotel operators in anticipating demand better, optimizing pricing and availability, and winning more business from group customers.
At its core, the integration is centered on powering intelligent pricing strategies for groups, leveraging LodgIQ’s advanced machine-learning algorithms to analyze vast amounts of data in seconds. By utilizing demand forecasts, competitor rates, and additional variables like seasonality and special events, the tool streamlines workflows and empowers sales teams to make data-driven decisions that drive profitable growth and prevent revenue erosion from excessive discounting.”
This from Hotel Technology News
#hotels #revenuemanagement #AI
