LodgIQ introduces Market Intel app

The beta version of Market Intel is available free of charge in the AppStore, with a full-scale launch anticipated in Q2 2019. Photo credit: LodgIQ

LodgIQ introduced its market intel application this month. Market Intel is a day-by-day market forecast tool, according to the company.
 
Engineered for hospitality industry professionals, Market Intel leverages predictive analytics to deliver insight into demand, average daily rate and revenue per available room fluctuations within a desired market and submarket. Through ongoing real-world beta tests, Market Intel has proven its accuracy in a range of dynamic markets, with hotels reporting variances of less than 3 percent within 90 days. 
 
“Market Intel builds on our macro-to-micro philosophy through a standalone application that it is already driving real functional results in the beta phase,” Steven Rubin, EVP of operations and partnerships at LodgIQ, said in a statement. “Our mobile application, which further incorporates advanced functions like voice command, is set for release in early 2019.”
 
As a standalone product independent of a hotel’s typical suite of systems, Market Intel can add value to properties with existing revenue-management systems, including branded properties with mandated technology. Existing and prospective LodgIQ RM customers will be offered Market Intel within LodgIQ’s own RMS and via the mobile application.
 
The beta version of Market Intel is available free of charge in the AppStore, with a full-scale launch anticipated in Q2 2019.

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Hotel Optimization Part 3 | January 27, 2021

With 2020 behind us and widespread vaccine distribution on the horizon, the second half of the new year is looking up, but for Q1 (and most likely well into Q2) we’re very much still in the thick of what has undeniably been the lowest point of the pandemic. What can you be doing now to power through and set yourself up for a prosperous 2021 and beyond? Join us at Part 3 of Hotel Optimization – A Virtual Event on January 27 from 10am – 1:05pm ET for expert panels focused on getting you back to profitability.