The LodgIQ platform collects real-time data from many sources. Credit: Parkova via Shutterstock.

LodgIQ, a revenue management system provider for hotels, has entered a partnership with Cloudbeds, which offers a cloud-based hospitality platform to simplify the reservation process, reported HospitalityNet.  

The collaboration integrates LodgIQ’s revenue-generating and profit-optimisation capabilities with Cloudbeds’ hospitality management platform. 

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This integration is intended to offer a unified solution to bolster hotel management efficiency. 

LodgIQ is said to provide dynamic pricing and data-driven decision-making tools. 

Last year, the company expanded its partner ecosystem by adding six new interfaces to its integration partners. 

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The platform collects real-time data from many sources, including central reservation systems, booking engines, property management systems, channel managers, and other third-party data. 

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It incorporates revenue, sales, and marketing data to offer insights into market trends and consumer behaviours, facilitating data-driven decisions. 

LodgIQ CEO David Millili said: “Our goal is to simplify and enhance hoteliers’ decision-making process, optimising pricing and revenue strategies more effortless than ever, and an integration with Cloudbeds does just that.” 

The latest integration is designed to provide hoteliers with resources to navigate the competitive hospitality market successfully. 

Cloudbeds strategic partnerships VP Sebastien Leitner said: “Our strategic partnership with LodgIQ is a major step forward in serving hoteliers. LodgIQ’s advanced revenue optimisation technologies align perfectly with Cloudbeds’ commitment to empowering hoteliers with innovative revenue management solutions.” 

Last month, hotel technology provider SHR collaborated with Cloudbeds to improve hotel operations. 

The alliance involves the integration of SHR’s Allora CRS with Cloudbeds’ platform, helping hoteliers streamline operations.