Company wraps up quarter with 30 percent growth in number of customers year-over-year
ALPHARETTA, GA – Nov. 15, 2017 – The Rainmaker Group (Rainmaker), a leading provider of cloud-based hospitality revenue and profit optimization software, today announced that it ended the third quarter of 2017 with record-setting performance and growth, advancing its position as a global technology leader.
Since July 1, Rainmaker has expanded its reach in both the number of customers and the number of properties using its groundbreaking solution suite, which include guestrev®, grouprev®, revcaster®, and revintel®. Year-over-year, the company has seen a nearly 30 percent increase in hospitality property deployments; additionally, in this same period, the company realized 30 percent growth in its customer base.
Las Vegas-based Station Casinos is among the customers that recently selected Rainmaker solutions. In Q3, the company chose revcaster for 11 of its properties, totaling more than 4,800 rooms. Station Casinos had already purchased the guestrev and grouprev solutions and wanted to expand its use of the Rainmaker suite. The solutions will help the company optimize revenue, secure the most profitable guests, and streamline operations.
“As the hospitality industry becomes increasingly competitive, it’s critical that properties invest in technology that drives revenue and profitability,” said John Brown, executive director of revenue management at Station Casinos. “We reviewed a number of revenue management and profit optimization solutions and determined that the Rainmaker suite was the ideal fit for us, with all the features and functionality we needed. These solutions will give us the tools we need to maximize revenue, make more informed business decisions, and gain an edge on the competition.”
Rainmaker’s revenue and profit optimization product suite includes:
- guestrev, an intuitive and easy-to-use revenue management solution that analyzes total guest value across a hotel or casino property to forecast and price rooms;
- grouprev, an innovative group pricing solution that streamlines the process of responding to group RFPs by analyzing historical data, future demand, and price sensitivity to recommend the best pricing for group business;
- revcaster, a powerful rate shopping tool that gives hoteliers access to real-time actionable market data, so that rates can be set against the competitive landscape; and
- revintel, an intuitive business intelligence solution that improves day-to-day revenue management by mining various data sets and providing deep insights at a granular level.
“Our revenue and profit optimization platform continues to deliver exceptional results,” said Tammy Farley, president of The Rainmaker Group. “In fact, performance in Q3 has exceeded our expectations. This is due to our deep commitment to solution innovation and to the dedicated employees who partner with our customers to ensure their success. This is an exciting time to be in the hospitality industry, and we look forward to ending the year with record-setting growth.”
