Rainmaker Group Sells Division for $300 Million to Focus on Hotel Revenue Management
Skift Take
This move will allow The Rainmaker Group to concentrate on its core competency of demand management for hotels and casinos, an area where competition is heating up from rivals like Duetto, LodgIQ, IDeaS, and Revinate.
The Rainmaker Group, a software company, is selling its tools for property owners to manage demand of multifamily housing units to RealPage, a software provider to the real estate industry for $300 million.
Rainmaker, based in Alpharetta, Georgia, will use the money to focus its efforts on its hospitality and gaming revenue management tools. Hotels using these tools set their rates accordin
