At last! Rainmaker makes money
p. 26 · Read in the full issue
AMERICAN Samoa’s long troubled Rainmaker Hotel has finally turned around, and announced a net profit of U 55358,000 for the year ending June.
The territory’s leading hotel has only once before in its 25-year history broken out of the red, and that was in 1981 when it recorded a US$3OB7 surplus.
The problem has always been over spending at the 182-room hotel. In June last year a new board of directors opted to reduce debt by U 55250,000 while at
the same time pressing debtors for settle ment of outstanding accounts, and to refurbish 72 rooms to upgrade the stan dard of accommodation. By August 1989 the board had stabilised the hotel’s financial situation, and towards the end of the year business picked up considerably, especially from a one-party booking for more than 270 people. Then Hurricane Ofa brought to Pago Pago many aid and government workers, and Rainmaker was full for two months. D