The Rainmaker Group Ends 2017 with Record-Breaking Growth
The Rainmaker Group (Rainmaker), a provider of cloud-based hospitality revenue and profit optimization software, announced that the company ended 2017 with record-breaking performance and growth. Year-over-year, Rainmaker experienced a 64 percent increase in hospitality property deployments. The revintel business intelligence solution led the way, with an almost 78 percent increase in property deployments.
During 2017, a number of new customers joined Rainmaker’s global hotel and casino client base. Moreover, many existing customers expanded their agreements with the company, some implementing Rainmaker solutions at additional properties and others deploying additional solutions to augment those already in use.
Among Rainmaker’s noteworthy 2017 implementations are: FIVE Palm Jumeirah Dubai, Fontainebleau Miami Beach, Hotel Panorama Hong Kong and Palazzo Versace Dubai. These customers are using Rainmaker’s cloud-based solutions to streamline operations, optimize revenue, improve RFP response performance and secure the most profitable guests.
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.
In December 2017, Rainmaker announced the sale of its multifamily housing business, allowing the company to focus exclusively on the hotel and gaming industry.