Hotel Online
News for the Hospitality Executive

The Rainmaker Group 5th Annual Client Steering Committee
Meeting Taps Financial Analysts for Revenue Think Tank
-
Wall Street analysts urge adoption of technology to drive greater revenue

.

ATLANTA, GA, October 1, 2008 – The Rainmaker Group, the world leader in automated revenue management software and services to the casino gaming, hospitality and multi-family housing industries for total property profitability, announced that its fifth annual gaming and hospitality Client Steering Committee Meeting received record high marks from hotel and gaming executives. The event delivered value in stressful times, according to attendees and presenters alike—including Wall Street financial advisers who urged greater adoption of technology to drive new revenue streams.

“The Rainmaker Steering Committee meeting was the most productive, valuable conference I have attended,” said Kelly Gunnoe, director of revenue management for MGM MIRAGE’s Mandalay Bay Resort & Casino in Las Vegas. “Each session provided useful and pertinent information for our bottom line. A particularly strong presentation came from financial analysts on trends that will affect our markets.”  The Rainmaker Steering Committee reviews, validates and sets priorities for Rainmaker’s “Project Roadmap,” which is a constantly evolving plan for future system development. 

Analysts predict comeback in 2010

Rainmaker hosted the event September 8 – 11 at the luxury beachfront Bacara Resort and Spa in Santa Barbara, California.  The company invited a panel of three Wall Street analysts who predicted:

• Regional markets will recover more quickly from the softening economy than destinations like Las Vegas and Atlantic City as commodity prices pull back
• 2009 will be another challenging year for the gaming hotel industry
• The industry will come back with renewed strength in 2010.
Go beyond cost cutting to revenue optimization

The analysts underlined the importance of revenue optimization solutions for a hospitality gaming industry that has already “trimmed its fat” through effective cost-cutting practices. “Since gaming is still a people business, operators are reluctant to reduce labor levels beyond current levels and, as a result, will look to technology to drive top- and bottom-line improvements,” said panelist Joel Simkins, senior vice president of gaming and leisure for Macquarie Capital (USA) Inc.

‘Moneyball’ author delivers keynote

Rainmaker’s keynote presenter was Paul DePodesta, special assistant for baseball operations for the San Diego Padres. When DePodesta was assistant GM of the Oakland Athletics, the team’s remarkable success on a shoestring budget flaunted conventional wisdom that wealthy teams win out. That success was documented in the best-selling Moneyball: The Art of Winning an Unfair Game.  DePodesta coached attendees on how to create innovative business strategies similar to those he used to build a winning baseball team.

Build a revenue management culture

The event featured breakout sessions on building a revenue management culture, with tips on how operators can embrace revenue management and foster cooperation from all departments. “Our meeting is a forum for industry leaders to share ideas on best practices,” said Rainmaker President Bruce Barfield. “Professionals in our business want to leverage every opportunity from meetings like this.  Our goal is to provide clients with content that benefits their companies and their careers.”

About Rainmaker Group
The Rainmaker Group is a software and services company that provides revenue management for more than one-half million units in the gaming hospitality, multifamily housing and other industries.  Rainmaker implements and supports the revolution Product Suite, which maximizes total property profitability for operators of casino hotels and other hospitality enterprises.  The company enables clients to identify and maintain availability for their most profitable revenue sources through revenue management implementations.  The Rainmaker Group helps casino hotels increase profitability through the accurate, instantaneous ability to determine the 


Bruce Barfield, president
of The Rainmaker Group 
minimum acceptable value of each guest.  This increases client profitability by securing the most profitable customers and developing more effective business processes.  Hospitality clients include Boyd Gaming, Harrah’s Entertainment, Omni Hotels, MGM MIRAGE, Trump Entertainment Resorts and other leading hotel companies. 

The Rainmaker Group also provides the revolution LRO profit optimization solution that enables multifamily housing operators to maximize revenue from apartment leases.  revolution LRO lease rate improvement results have been reviewed and validated by independent accounting firms.  For more than five years revolution LRO has delivered optimized leasing rates to the largest operators in the industry including Archstone, Equity Residential, Post Properties, Laramar Group, Home Properties, Simpson Housing, Mid-America Apartment Communities, Carmel Partners and other leading multifamily housing companies.

.
 
Contact:

 The Rainmaker Group
Bruce Barfield 
5755 North Point Parkway
Suite 77
Alpharetta, GA  30022
Phone:  678-578-5777
Email:  sales@letitrain.com
http://www.letitrain.com

Media Contact:
Julie Keyser-Squires
Softscribe Inc.
180 River Springs Drive NW
Atlanta, GA 30328
(404)256-5512
Julie@softscribeinc.com
http://www.softscribeinc.com
 

..
Also See: Carmel Partners Selects Rainmaker revolution LROTM Revenue Optimization Solution for 57 Communities; LRO delivers 3.55% lift in revenue billed per unit in 8 community pilot test / September 2008
Hollywood Casino Tunica Installs Rainmaker revolutionsm Revenue Management, Optimizes Rates, Occupancy; 494-room Hollywood / September 2008
Multifamily Housing Organizations Maintain Momentum; Revenue Management Strategies and Technologies Make Good Partners in Today's Economy / August 2008
Casino Hotel Operators Wield Strategies and Technology to Tame a Softening Market; Savvy revenue managers increase 'cash' customers, leverage revenue optimization technology to minimize the downturn's effect / August 2008
The Rainmaker Group Announces revolutionsm Product Suite on Microsoft Software Platform; Microsoft relationship enables flexible hosting options for Rainmaker’s profit optimization clients / June 2008
Wynn Las Vegas Implements Rainmaker revolution  Revenue Management; Rainmaker tapped by Wynn to optimize total customer value for 5-Star, 5-Diamond resort - / June 2008
Follow the Money: 10 Years of Profit Optimization Progress Pays Off for Operators; Customer service, revenue management focus in two markets a winning strategy for The Rainmaker Group and its clients / April 2008
The Rainmaker Group Welcomes Rod Collier and John W. Wallace to its Management Team; New top-level talent adds to Rainmaker's 250 years of combined profit optimization expertise in the revenue management community / March 2008
Rainmaker Transitions Post Properties' LRO Lease Optimization System to SunGard Hosting; SunGard frees Post team from system responsibilities, hosts application and database / January 2008
Rainmaker Group Leads Revenue Management Panel at GA Tech Conference; Rainmaker hosts Harrah's, MGM MIRAGE, Archstone-Smith execs for Revenue Management thought leadership event / October 2007
'Increasing Revenue' is Focus of Rainmaker Group Client Steering Committee Meeting; Multi-family executives assemble to shape future revenue optimization innovations / September 2007
Four Major Multi-Family Housing Operators Select The Rainmaker Group for Revenue Management Pilot Launch; Revenue Management specialist, Rainmaker, tapped for lease/rent rate lift programs by REITs and independents / August 2007
Mid-America Apartment Communities Installs Rainmaker revolution LRO SM Revenue Management Throughout 140 Properties; revolution LRO delivers a 3% rate increase to Mid-America in pilot test / August 2007
The Rainmaker Group and Realty DataTrust Partner to Introduce Optimized Multi-Dimensional Online Pricing for the Apartment Industry; Revolution LRO clients now able to market optimized rental rates on the Internet through VaultWare™ online leasing solution / June 2007
Trump Entertainment Resorts Installs Rainmaker Group revolutionsm Revenue Management Suite in All Atlantic City Properties; Trump uses revolution RM to optimize rates, manage increased demand for three properties and 2,900 rooms / June 2007
The Rainmaker Group Launches New Version of Multi-Family Housing Revenue Management System, revolution LRO; Revenue Management leader taps two math Ph.D.s, leverages data for more profitable business decisions by MFH operators / May 2007
The Rainmaker Group's 2007 Client Steering Committee Conference Expands 'Product Roadmap'; Revenue Management leader listens to users for product development guidance / April 2007
Casino Hotels Boost Profits with Rainmaker Group, Agilysys Tech Collaboration; Revenue Management and Property Management Systems identify profitable gamers / March 2007
The Rainmaker Group Hosts 3rd Annual Client Steering Committee Meeting; User Input to Guide Development; Revenue Management leader taps users for 'Project Roadmap,' assesses client priorities / March 2007
The Rainmaker Group Increases Staff 30%, Relocates to Larger Offices; Revenue Management leader adds business unit, expands to service growing client demand / March 2007
The Rainmaker Group Launches Revenue Management Pilots with Four Major Multi-Family Housing Operators; Rainmaker revolution LROsm system demonstrates immediate lease/rent revenue lift / January 2007
Boyd Gaming Hits 'Jackpot' With Revenue Management Strategy; Focus on guest value gives the advantage to the house / September 2006
The Rainmaker Group to Share Expertise at Revenue Management and Pricing Conference; Rainmaker Executive VP, Tom Walker, will speak at EyeforTravel Revenue Management and Pricing in Travel 2006 Conference / August 2006


To search Hotel Online data base of News and Trends Go to Hotel.Online Search

Home | Welcome! | Hospitality News | Classifieds | Catalogs & Pricing | Viewpoint Forum | Ideas/Trends
Please contact Hotel.Online with your comments and suggestions.