• Follow us on:

Siegel Sez

May 05, 2017

REVENUE MANAGEMENT



- Downtown Grand Hotel & Casino Cashes In on Total Guest Value with Profit Optimization Solution from The Rainmaker Group
- Hotel Tech Startup Event Intelligence Collects 125% in Investor Interest in 6 Days
- Total Customized Revenue Management, LLC, Hired by Two Hospitality Management Groups in Key U.S. Markets
--------------------------
Downtown Grand Hotel & Casino Cashes In on Total Guest Value with Profit Optimization Solution from The Rainmaker Group
Downtown Grand Hotel & Casino (Downtown Grand), a newly renovated urban resort located in the heart of downtown Las Vegas, has bolstered its revenue management processes and profitability through the successful implementation of The Rainmaker Group's guestrev® solution. Downtown Grand recently deployed guestrev to more accurately and strategically set rates and pricing for various guest and player segments, by analyzing total guest value to the property. guestrev is built on Rainmaker's total guest valuation methodology, that analyzes guest spend for the entire property or enterprise, including room, gaming, entertainment, F&B, spa, retail, etc. guestrev ensures that room rates reflect not just a guest's expected room revenue, but also the total profitability of each guest segment, including various player levels in the casino.
http://www.LetItRain.com
**
Hotel Tech Startup Event Intelligence Collects 125% in Investor Interest in 6 Days
Event Intelligence recently collected €125k in indications over a period of 6 days, as part of its planned €500k round. The U.K. startup is using the unique global funding and trading platform Funderbeam for its campaign, which allows unique investor liquidity through a “startup stock exchange”. Event Intelligence was was founded in 2013, focusing on a rate comparison solution at first, under the RateMate trading name. Based on customer feedback and seeing a market niche in the space, the company launched it’s first-of-a-kind Event Intelligence solution in 2016, providing forward-looking event data for hotel revenue managers and sales managers.
http://www.eventintelligence.travel
**
Total Customized Revenue Management, LLC, Hired by Two Hospitality Management Groups in Key U.S. Markets Total Customized Revenue Management, LLC (TCRM) announced it has been hired by two major players in the hospitality space - Avalon Hotels (Beverly Hills and Palm Springs) and JRK Hotel Group (Los Angeles). As part of its expanding hospitality portfolio, TCRM will offer task force services to each new client, including strategic direction focused on the development of profit-based strategies. TCRM will also provide a strong layer of guidance and support for the companies’ property teams, and will oversee implementation and accuracy of any new revenue management procedures. 
http://www.TCRMServices.com
**


want to read more articles like this?

want to read more articles like this?

Sign up to recieve our weekly newsletter and monthly e-magazine and never ever miss an issue!

Subscribe

Keep up to date on all the latest industry news.