News for the Hospitality Executive
The Hard Rock Hotel & Casino Las Vegas Selects
Rainmaker Group Revenue Management
Morgans Hotel Group taps Rainmaker
for Total Customer Value
profit optimization at its Las Vegas casino hotel
ATLANTA, GA – June 22, 2009 – The Rainmaker Group, a world leader in automated profit optimization software and services for the gaming hospitality industry announced today that The Hard Rock Hotel & Casino Las Vegas selected Rainmaker’s revolutionSM Product Suite to maximize profitability. The Rainmaker Group provides revenue optimization services to companies that include Wynn Las Vegas, MGM MIRAGE, Trump Entertainment Resorts, and Harrah’s Entertainment.
“The Hard Rock executive team evaluated many systems before selecting revolution for its Hard Rock Hotel & Casino Las Vegas,” said Tom Buoy, senior vice president revenue management and distribution for Morgans Hotel Group. “Morgans needed an effective profit optimization system designed specifically for the gaming hotel industry. Unlike conventional hotel revenue management systems, revolution bases its rate optimization on a guest’s potential value to of all areas of a property.” System implementation is anticipated in the third quarter of 2009.
“The Hard Rock Hotel & Casino is perfectly positioned with its A-list entertainment, multi-faceted gaming floor, and popular food and beverage outlets to make maximum use of the revolution Suite that optimizes profit for gaming hotels based on the total guest value to the entire property, not just to the rooms division,” said Tammy Farley, principal of The Rainmaker Group.
revolution is the only revenue management system that considers Total Customer Value, which includes not only hotel revenues, but includes potential revenue from gaming, food and beverage, spa, and other significant sources of customer value to determine optimal availability conditions. The revolution system also analyzes and factors in forecasted demand from local influences like holidays and city-wide events to recommend optimized rates for each guest segment.
About The Rainmaker Group
The Rainmaker Group is a software and consulting services company that provides profit optimization for more than one-half million units in the gaming hospitality, serviced apartment/multifamily housing and other industries. Rainmaker consults about, implements, and supports the revolution Product Suite, which maximizes total guest 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 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 Wynn Las Vegas, Boyd Gaming, Harrah’s Entertainment, Omni Hotels, MGM MIRAGE, Trump Entertainment Resorts and other leading hotel companies.
The Rainmaker Group, a Microsoft Certified Partner, also provides the revolutionLRO (Lease Rent Options) profit optimization solution that enables serviced apartment/multifamily housing operators to maximize revenue from apartment lease/rentals. 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, Simpson Housing, Mid-America Apartment Communities and a number of other leading serviced apartments/multifamily housing companies.
About Hard Rock Hotel & Casino
The Hard Rock Hotel & Casino, owned and operated under Morgans Hotel Group and equity partner, DLJ Merchant Banking Partners, is a premier destination entertainment resort located on 16.7 acres situated strategically on Harmon Avenue, one of Las Vegas' fastest growing entertainment corridors. Built in 1995 and expanded in 1999, the property is currently undergoing another expansion set for completion in early 2010 more than tripling its current size. Hard Rock Hotel & Casino offers an energetic entertainment and gaming experience with the services and amenities associated with a boutique luxury resort hotel. The property is known for its innovative nightlife and music scene where such acts as The Rolling Stones, Coldplay, Alicia Keys, David Bowie, Snoop Dogg, Nine Inch Nails and The Killers have all performed. Features of the property include an 11-story Hard Rock Hotel tower with 640 guest rooms; a 30,000 square foot casino; The Beach Club with a swimming pool that was selected by the Travel Channel as one of "The Top 10 Pools" in the world; Rehab, the trendsetting Sunday afternoon pool party; Body English nightclub which was selected by Cosmopolitan Magazine as one of the “Top 25 Sexiest Places in the World”; The all new Joint concert venue; rock club Wasted Space, owned by motocross star Carey Hart; restaurants including the new Rare 120, AGO, world-renowned Nobu, Pink Taco and Mr. Lucky’s; two cocktail lounges; several retail stores; and Rock Spa, an 8,000 square foot spa, salon and fitness center. For room availability and additional information call 800.HRD.ROCK (800.473.7625) or visit hardrockhotel.com.
About Morgans Hotel Group
The names of actual companies and products mentioned herein may be the trademarks of their respective owners.
Media Contact – Asia Markets
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