Group Solution

Product: grouprev Company: The Rainmaker Group

As the recognized leader in revenue and profit optimization solutions for the gaming and hospitality industry, Rainmaker Group offers a comprehensive suite of cloud-based solutions designed to help its clients maximize revenue from every segment of their business. One of Rainmaker’s most in-demand solutions is grouprev, a unique tool that allows gaming properties to optimize their potential to win highly lucrative group business.

Implemented as either a stand-alone solution or along with Rainmaker’s popular guestrev solution, grouprev makes it easier for revenue managers to navigate the complex and intricate data required for assessing group requests and driving conversion rates.

Recently, Rainmaker upped the ante, introducing group forecasting functionality as a significant enhancement to both its grouprev and guestrev solutions. An industry first in revenue management, group forecasting provides the ability to project future group business demand.

This allows revenue managers to optimize their pricing, as well as the overall profitability of their property, by using more accurate projections for group demand and a hurdle rate that considers potential displacement of both business segments.

Key features of grouprev with group forecasting include:

  • granular forecasts by day and by group segment
  • a displacement module that captures the effects of both transient and group displacement on quoted group rates
  • a high-level, forward-looking view of optimal transient and group segment mix
  • visualization of group and transient demand mix which easily identifies opportunities for revenue enhancement

Grouprev, with the addition of group forecasting, helps hotels and casinos minimize the risk of underpricing for future dates that may have considerable demand for group business. This enhancement is projected to drive increased revenues with an estimated 2 percent to 3 percent lift, depending on group volume.

For more information, visit www.letitrain.com.

    Related Articles

  • 24/7 Sports

    Product: Virtual Basketball • Manufacturer: Inspired Entertainment, Inc.

  • Sign of the Times

    Product: Renegade 3600 • Manufacturer: Everi Holdings

  • Next-Gen Button

    Product: Dynamic Bet/Bash Button Manufacturer: Omron Amusement Company

  • Tap and Connect

    Product: SynkConnect Manufacturer: Konami Gaming

  • Rating Guest Value

    Product: Guest Valuation Manufacturer: The Rainmaker Group

    Recent Feature Articles

  • Roulette Reaction

    Classic design and a sophisticated reputation has made roulette synonymous with the casino experience. But who’s playing it now?

  • Crowd Control: Has the Mid-Atlantic Reached Critical Mass?

    From D.C. to New York to New England, casinos are coping with new competition

  • Route to Success

    Route operators use technology and personal service to keep slot revenues growing and their locations successful

  • Knock-Down Drag-Out

    The competition is intense in Southern California, which is vying even with Las Vegas for more gaming market

  • Danger, Danger

    U.S. sports wagering is the biggest issue driving the gaming industry today, but threats lurk that few are discussing.