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 aspects of the industry. Before joining LodgIQ™, he served as CCO at Nomadix, CEO of Runtriz, and CEO and board member of Pegasus Solutions, a global leader in providing technology and services to hotels and travel distributors. Prior to that, David founded and led Open Hospitality, which was acquired by Pegasus Solutions. He also co-founded Timeless Hospitality, one of the first e-commerce reservation platforms for independent hotels. David was a GM of two iconic New York City Times Square hotels and a professor at NYU. He is also the host of The Modern Hotelier podcast, NYU Incubator Mentor, and trusted advisor, working with brands like Laasie, Stayflexi, TipBrightly, Laso Experience, GoMoment, and Pharos Resources.
“Over the last few years, LodgIQ has bolstered its product with unique and differentiating capabilities that have resulted in stellar performance and revenue uplift for many of its customers,” explains Kurien Jacob, from HTV, an early investor in the company. “With the speed of adoption of AI and data science across many industries, we believe there will be a tectonic shift towards automation in the hospitality industry. LodgIQ has seen strong demand for its innovative revenue platform solutions and is well-positioned for robust growth. Now is an excellent time for us to add David to our team. His strong track record of leading, building, and scaling hotel technology businesses, both established and earlier stage, is exactly what the company needs. David’s client-centric mindset, industry expertise, and invaluable experience will lead LodgIQ’s future strategy, and we are delighted to have him on board as Chief Executive Officer.”
LodgIQ™ secured funding from HTV and Trilantic Capital Partners at its inception and successfully launched LodgIQ RM™ with proven Forecasting, Pricing, Revenue intelligence, and auto-pilot product offerings using state-of-the-art BigData Analytics and AI / Machine Learning algorithms. This is packaged in one of the simplest, most intuitive, modern user interfaces with interactive dashboards. The company’s patented technology is being deployed in over a hundred markets across the globe, delivering over $10 billion in optimized revenue, firmly establishing them as a technology leader in revenue optimization.
Incoming CEO Millili adds, “I’ve been impressed by LodgIQ’s market impact and ability to partner with clients to build the most advanced revenue management platforms available. As I’ve gotten to know the strong culture and the deep technical expertise of our global team, I am very excited to take the company to the forefront of the industry, continuing to build on a passion for creating solutions that reimagine revenue management and the strength of our client relationships, which provide strong foundations in the years ahead. I look forward to helping to shape the next chapter of such a visionary brand.”
For more information, visit www.LodgIQ.com.