Rainmaker Blog
Discover the latest topics, research, and ideas from experts in hospitality and revenue management
Rainmaker | October 10, 2019
Fact vs Fiction - buying considerations for your revenue management solutions
The idea of a revenue manager gazing into the dashboard equivalent of a crystal ball and basking in accurate demand forecasts for every night of the year across every guest room type and every guest...
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Topics: Technology, Product
Ask any hotel revenue manager of a certain age what it was like for them to do their jobs before the advent of next-generation revenue management systems. Few, if any, will wax nostalgic about “the...
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Topics: Product
Rainmaker | September 5, 2019
Budgeting for Profit – 5 ways your revenue tech stack can simplify budget planning
The hospitality industry is a highly competitive, ever changing market. Consumers have more options today than ever before when choosing a property for business or leisure travel. With so much at...
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Topics: Technology, Product
Group business fills an important role in many hotels, helping to increase revenues during shoulder seasons and economic downturns, and creating compression that allows hotels to fill rooms with...
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In general, hotels have two primary types of business: transient and group. While the vast majority of hoteliers have some form of a revenue management (RM) strategy in place to profitably manage...
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Topics: Pricing, Product, grouprev, forecasting
Just like the engine is to a car – powering it and getting you where you need to be – your revenue management forecast powers your entire system and its outputs. Forecast accuracy translates into...
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Rainmaker | June 20, 2019
Revenue Optimization Tip #1: Ensure You're Working Off of an Accurate Forecast
In its simplest form, a revenue manager’s job is to develop a pricing strategy for a hotel that will boost revenue. A critical first step in creating a revenue management strategy is to forecast...
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