Posts by author

Team LodgIQ

18 posts
View Post
  • 2 min

Occupancy Management by Lights

📈 Over 15 years ago, hotel revenue management was challenging for small hotel owners due to scarce, expensive solutions designed for larger hotels. Options were limited to hiring full-time revenue managers or outsourcing. Today, fewer than 30% of hotels globally use dedicated revenue management solutions, often relying on intuition and manual processes. Advanced AI-driven solutions now provide real-time data analysis, actionable recommendations, and allow hotel teams to focus on marketing, optimizing distribution, and creating promotions to differentiate their offerings and attract guests.
View Post
Share
View Post
  • 3 min

Case Study: Refinery Hotel Redefines Revenue Management with LodgIQ – LodgIQ

💾 Midtown Manhattan's Refinery Hotel, with 197 keys, is a tech-forward luxury lifestyle boutique hotel and a member of Small Luxury Hotels of the World. Michelle Sharma, the Commercial Director, leveraged LodgIQ's revenue management system to transition from manual pricing strategies to automated, intelligent decision-making. This shift resulted in double-digit RevPAR growth, peak weekend room-type premium deltas of $500, over 40% direct booking contribution, high Net ADR from OTAs with minimal discounting, and approximately 90% annual occupancy. These advances allowed Sharma to focus on strategic roles such as marketing, distribution, product, branding, and technology leadership.
View Post
Share
View Post
  • 3 min

Case Study: Refinery Hotel Redefines Revenue Management with LodgIQ

🏨 Located in Midtown Manhattan, Refinery Hotel, a luxury lifestyle boutique hotel with 197 keys, implemented LodgIQ's revenue management system, enabling Commercial Director Michelle Sharma to transition to a strategic role. The tech-forward hotel is a member of Small Luxury Hotels of the World, known for spacious rooms and a mix of corporate and leisure guests. LodgIQ's automated rate decisions and smart pricing recommendations have led to double-digit growth in RevPAR, $500 premium room deltas, over 40% direct booking contribution, high Net ADR from OTAs with minimal discounting, and approximately 90% annual occupancy. Michelle's role now encompasses marketing, distribution, product & branding, and technology leadership, influencing revenue streams and setting market trends.
View Post
Share
View Post
  • 3 min

From $169 to $600: How Mobile Revenue Tools Capture Last-Minute Demand – LodgIQ

💼 In the volatile hotel market, shrinking booking windows, local events, and social media can lead to rapid demand changes, necessitating immediate rate adjustments. Utilizing mobile access for real-time reactivity, decentralized control, data at fingertips, and continuous optimization is crucial. Agile revenue management enables instant rate updates from anywhere, using mobile apps or responsive dashboards to access KPIs such as pacing, pickup, occupancy rate, ADR, RevPAR, and total revenue. This dynamic approach can boost profits by 15–30% annually.
View Post
Share
View Post
  • 3 min

From $169 to $600: How Mobile Revenue Tools Capture Last-Minute Demand

💸 In the rapidly changing hotel market, agility in revenue management is key to adapting to shrinking booking windows, local events, and social media exposure. Agile pricing relies on real-time reactivity, decentralized control, data access without static means, and continuous optimization. Mobile access revolutionizes decision-making, allowing instant rate updates anywhere, leading to informed decisions with on-the-go KPIs like pacing, pickup, and core performance indicators (occupancy rate, ADR, RevPAR, total revenue). Agile strategies can increase annual profit by 15-30%.
View Post
Share
View Post
  • 4 min

Only 30% of hotels use an RMS, maybe they’re just too complicated?

🏨 Only 30% of hotels use Revenue Management Systems (RMS), with a mere 10% employing advanced RMS tools. RMS adoption is low due to perceived complexity and training requirements. Key for high-performing RMS includes simplicity, mobile accessibility, and transparency. Effective RMS should have an intuitive interface, quick adoption, mobile access, provide clear pricing rationale, and support manual overrides. Trust in RMS is built through transparency of factors influencing price recommendations such as demand changes, local events, and competitive trends. RMS benefits extend to fairer pricing for travelers and a more balanced market.
View Post
Share
View Post
  • 2 min

LodgIQ Appoints Pascal Schubert as VP Business Development Europe to Drive Growth and Innovation in Hospitality Revenue Management

📈 Sunnyvale, CA, Pascal Schubert appointed VP Business Development Europe for LodgIQ on March 3rd, 2025. Former senior roles include SHR Group and D-EDGE Hospitality Solutions, focusing on revenue management and market expansion in hotel technology. Schubert’s 20+ years in the sector and his expertise in AI-driven solutions are expected to bolster LodgIQ's global expansion. The AI-powered platform of LodgIQ serves 550+ hotels, with offices in Silicon Valley, New York City, and Bangalore.
View Post
Share
View Post
  • 2 min

LodgIQ Appoints Vincent Ramelli as CEO to Spearhead Global Expansion

📌 Sunnyvale, CA, February 4th, 2025: Vincent Ramelli appointed CEO of LodgIQ, a leading AI-enabled revenue management solutions provider for the hospitality industry. With a vision for global expansion and innovation, LodgIQ aims to empower hoteliers worldwide. Ramelli's track record in scaling businesses and focus on customer-centric innovation aligns with LodgIQ's mission. The company already works with over 550 hotels and is positioned to meet the industry’s increasing demand for data-driven management.
View Post
Share
View Post
  • 4 min

Beat “Comparisonitis” as a Revenue Leader

🏀 Revenue teams in the hospitality industry often suffer from "Comparisonitis," a strategy that involves over-reliance on competitor pricing. This approach can lead to missed revenue opportunities, price fixing concerns, and competitive disadvantage. Instead, the Savannah Bananas minor league baseball team exemplifies success by focusing on consumer behavior rather than competitors. LodgIQ provides revenue leaders with AI-driven tools to analyze hotel pacing data, market-level trends, and consumer behavior insights, promoting a consumer-centric approach over competitor benchmarking for setting prices and optimizing revenue.
View Post
Share