Revcaster Comp-Set Rate Data Maximizes Rates, Evaluates Value of New-Build Projects in Multiple Markets
PORTLAND, OR - April 13, 2015 - My Place Hotels of America, LLC, an expanding chain that meets the demands of the economy traveler with properties in 7 states implemented Revcaster competitive data intelligence to standardize and optimize rates and evaluate markets for new properties before they open their doors. Revcaster a Rainmaker Group Solution, maximizes ADR based on same-day competitive rate information and is the trusted leader in flexible, cost effective hotel rate shopping tools.
"Revcaster enables My Place Hotel Franchisees to monitor and forecast market rates to optimize their properties' pricing," said Heather Schmidt, Executive Vice President of Sales and Marketing for My Place Hotels of America. "The hotel brand launched in 2012 and is growing rapidly. Revcaster rate tracking is set up for each franchisee and helps them provide rate consistency and maintain the brand price niche. This lets them offer affordable nightly, weekly, and monthly rates. The competitive data also helps maintain an understanding of the markets, so franchisees can trust their properties' room rates."
"My Place Hotels uses Revcaster competitive market intelligence in an innovative way," said Daniel Wise, Revcaster Solution President. "While they are still building a new property, their executive team uses our competitive data to evaluate and forecast its market's rates and trends. This lets them open their doors with optimized rates to maximize ADR from day one. Once a week, My Place properties does a full-rate evaluation forecast 90 days out; they also run a 120-day report monthly to forecast market performance, availability and revenue."
"My Place worked with Rainmaker to create easy-to-use custom reports that let our franchisees monitor competitor pricing information," Schmidt said. "Revcaster provides a good amount of information at a cost effective price. Both its flexible reporting and price are a good fit for our properties and business."
About Rainmaker
The Rainmaker Group is the market leader in profit optimization solutions for the Multifamily Housing, Hospitality and Gaming industries. Rainmaker software, coupled with professional business consulting services, enables multifamily housing operators to maximize revenue from apartment leases and helps operators of hotels and casino hotels secure the most valuable customers to increase their profitability. An innovator and thought leader in the highly specialized revenue optimization field, Rainmaker leverages cutting-edge research to bring customers the most sophisticated systems and help them achieve the highest profitability from their assets. Multifamily housing clients include leaders such as AvalonBay Communities, Equity Residential, Gables Residential, Post Properties, MAA and more. Gaming & Hospitality clients include leading organizations such as Caesars Entertainment, Kerzner International, MGM Resorts International, Omni Hotels & Resorts, Wynn Las Vegas and many others. A Microsoft Silver Certified Partner headquartered in northern Atlanta, GA, Rainmaker has for four years running ranked on the
Inc. 5,000 list among America's top fastest-growing, privately held companies. For more information, visit
www.LetItRain.com
Contact: Thea Crelin, Senior Director, Marketing and Brand Management
tcrelin@LetItRain.com /
(678) 578-5697
About Revcaster
Revcaster LLC, a Rainmaker Group Company, is the leading provider of flexible, cost effective
hotel rate shopping tools to help hoteliers maximize ADR and be more profitable. Developed by hoteliers for hotel operators, Revcaster's application collects market-specific comp-set hotel price information from hundreds of branded sites and online travel agencies. Revcaster provides easy-to-use reports and data downloads. Reports are available anytime online in daily, weekly or other user-specific delivery formats. The company's API makes it super easy to download pricing data into any revenue management tool or PMS its clients prefer. Revcaster's professional customer-centric approach to project implementation and support, proven track record, and installed base of 5000 properties underscore the company's unrivaled grasp of intelligent rate shopping principles for the hotel industry.
Contact: Daniel Wise, CHRM, CRME, President
info@Revcaster.com /
888-870-3180
