My Place Hotels of America, LLC, an expanding chain for the economy traveler with properties in seven states, implemented Revcaster competitive data intelligence to standardize and optimize rates and evaluate markets for new properties before they open its 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 worked with Rainmaker to create easy-to-use custom reports that let its franchisees monitor competitor pricing information, Schmidt said. Revcaster provided a good amount of information at a cost effective price.