The data flow between the hotel systems reduces the error risk, saves time and eliminates manual data entry. Credit: StartupStockPhotos from Pixabay.

AI-powered revenue management technology provider LodgIQ has expanded its partner ecosystem with the addition of six new interfaces to its integration partners.

At present, the company’s software connects with more than 40 hotel systems and provides hoteliers with more options to streamline their operations and optimise revenue.

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LodgIQ’s platform collects real-time data from many sources, including central reservation systems, booking engines, property management systems, channel managers, as well as other third-party data.

This data allows advanced algorithms to forecast the demand accurately, analyse market trends and monitor competitor pricing.

Using this real-time data and insights, the hotel revenue teams can make better decisions regarding revenue, strategy and pricing.

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LodgIQ stated that the data flow between the systems saves time, reduces the error risk and eliminates manual data entry.

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Its integrations will also provide a more comprehensive view of the business to hoteliers.

Additionally, hoteliers can also gain insights into demand patterns, booking trends, as well as guest preferences, by connecting their revenue management systems with other important hotel systems, helping in providing personalised experiences to guests.

LodgIQ also noted that collaboration with other hotel systems helps in eliminating the need for hoteliers to invest in other infrastructure or undergo complicated integration processes.

Last month, the company launched four new revenue optimisation products, BusinessIQ, MarketIQ, GroupIQ and ForecastIQ, as part of the LodgIQ AI suite.