david millili
Why Hotel Revenue Managers Know Not to Soley Rely On Gut Instinct When It Comes to Group Revenue Management
David Millili | May 4, 2023
By David Millilii, CEO of LodgIQ Amadeus reports that group and business travel segments are steadily recovering, with 4.3 million group room nights booked for H1 2023. The global business travel segment is expected to recover fully by 2024. According to the Global Business Travel Association (GBTA), group travel demand will likely increase in 2023, and the average spend per attendee for group events will increase in 2023. Group business means big business for hotels, accounting for a significant portion of hotel revenue. Some estimates suggest it can make up as much as 30-50% of a hotel's total revenue. This underscores the importance ...
Adjusting for Inflation: Should You Raise Your Hotel Room Rates?
David Millili | February 1, 2023
By David Millili If you’ve scanned through the top news stories of the last few months, you’re likely well acquainted with the post-pandemic elephant in the room: record-high inflation. As expected, the collective (and prolonged) halt of global economies, the subsequent critical supply chain disruptions, and the ongoing war in Ukraine has placed significant pressure on the economic outlook. With inflation staying low over the last ten years (1.88% on average), the current rise (8% annual average in 2022) has begun to make ripples across industries, and hospitality is no exception. The latest set of inflation data, which the Bureau...
Are Hotels Ready for Generation Novel?
David Millili | January 10, 2023
How the rise of Generation-Novel or Gen-N could transform the future of guest service By David Millili, CEO, LodgIQ What defines world-class guest service? Is it personalized offers or a value-driven loyalty program? Is it a timely reply sent back to an unsatisfied guest review? Is it flexible stay options or policies? Is it an engaging social media presence? Guest service can be all of these things… and with the demands accelerated by the pandemic, it has also become so much more. The problem with defining guest service in any singular way is that we often treat guest service as a department or a response rather than an ever-evolv...
5 Things That Highly Successful Revenue Managers Do Every Morning
David Millili | December 20, 2022
By David Millili Discover how to kickstart your day using the right strategies to optimize productivity, revenue, and the most profitable results In a society largely defined by work and our ability to excel, many of us are fascinated with the traits and habits of great leaders and successful people. More importantly, we want to know which practices and routines we can emulate to garner similar results and transformations. Let’s take British business magnate Richard Branson, as an example, who likes to get up around 5 AM and exercise first. Similarly, Apple’s Tim Cook is up early every morning, rising at 3:45 AM to work on email...
How Technology Is Transforming the Future of Revenue Management for Hotels
David Millili | December 1, 2022
Next-generation tech delivers a unique competitive advantage and provides better conditions to predict, forecast, and boost future business, revenue, and profitability By David Millili If you ask any hotelier these days, “What is your focus now that demand for travel is returning?”, invariably, their answer will allude to improving pricing strategy and sales and enhancing revenue management capabilities. Why? Because the hospitality industry grapples with extremely high customer acquisition costs - one of the biggest challenges facing hotels of all types is to preserve margins. Not to mention, a typical hotel makes roughly...
Despite Economic Uncertainty, Travel Remains a Top Priority
David Millili | November 15, 2022
By David Millili Hospitality and travel industry momentum remains strong as people are unwilling to give up travel and experiences again Despite fears of a probable global recession and the impact of rising interest rates and inflation looming, travel demand is seeing no sign of slowing down. While other industries may see a slowdown, people are reluctant to give up travel and experiences again. The most recent American Travel Sentiment Study indicates that 92% of Americans have travel plans in the next six months, which is among the highest level of travel seen since the beginning of the pandemic. Airports have once again transforme...
It’s Launch Day for Growth Advisors International Network – GAIN
Growth Advisors International Network - GAIN | November 10, 2022
A collective of seasoned C-level commercial, tech, investment and marketing executives, GAIN is set to drive growth for organizations in the travel, hospitality, and restaurant technology sector Phoenix, Arizona, 10 November 2022: Today marks the official launch of Growth Advisors International Network – GAIN, bringing together some of the world’s most experienced strategic leaders in the travel, hospitality and restaurant technology industry that work closely with organizations around the globe from tech-based startups to large enterprises and venture firms, to drive growth, industry impact and intelligent commercial expansion. Ide...
LodgIQ™ Appoints David Millili as Chief Executive Officer
LodgIQ | October 12, 2022
Hotel tech executive brings hands-on market knowledge and a strong track record to accelerate LodgIQ’s strong momentum and lead the company into the future Silicon Valley, CA (October 12, 2022) – Silicon Valley-based LodgIQ™, the award-winning global revenue management technology provider that uses advancing machine learning models and AI to deliver intelligent market insights, forecasting, and dynamic pricing, today announced hotel industry leader David Millili as the company’s new CEO. Voted one of the 100 Most Powerful People in USA Hospitality, David brings almost three decades of acclaimed leadership experience in all aspec...
