Revenue Management Is
RATES AND AVAILABILITY.
Our Solutions Include
OUR Overview
When people think “revenue management”, they think “rates and availability.” Rates and availability are cornerstones of revenue management because their simplicity to understand, speed to implement, ease to use, and non-committal nature make them a prime candidate for optimization. However, its a double-edged sword. The same qualities that make rates and availability so valuable if used properly, make it costly if used improperly.
That’s where RevPARTY can leverage its vast knowledge and experience to help you navigate your revenue management journey. Rates and availability allow a portfolio to directly influence the two main components of revenue (rate and occupancy), are clear and concise to implement, and is heavily backed by strong data.
OUR APPROACH
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Every company has its own unique set of constraints: local regulation, business model, capital requirements, current technology stack, unique properties, particular market, and specific target guest. RevPARTY creates a rate plan that works for you.
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RevPARTY uses a data driven approach to get results. By focusing on both quantitative targets and leading indicators, we ensure that revenue management doesn’t become a game of trial and error. Whether its performance benchmarking or rate setting, we place the data into context to create actionable insights for your business.xt goes here
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Rates and availability are just one component that effects revenue. RevPARTY understands that rates are just one lever to reach your goal, more money. We can connect rates and availability to other disciplines of revenue management (distribution, listings, marketing, finance, operations, strategy, and reputation management) to improve your business as a whole. We consider every line of the P&L to improve your gross revenue, net revenue, and net profit.
OUR THOUGHT LEADERSHIP
RevPARTY strives to stay at the forefront of short-term rental revenue management and elevate the industry as a whole by setting the standard in revenue optimization. We regularly contribute thought leadership to the vacation rental community via articles, blogs, conferences, and reports.
Minimum Length of Stay Or minimum Revenue
Is a minimum length of stay (minLOS) hurting your bottom line?
OCCUPANCY BASED PRICInG
Occupancy based pricing may seem like a fair way to price but it ignores some fundamental truths about the vacation rental industry.
COMPAring competitive SETS
Everyone uses them, but knowing what they’re supposed to do and how they’re supposed to do it is essential.
OUR IMPACT
OUR IMPACT STORY
Sojourn, a start-up vacation rental management company that owns and manages more than 100 units, saw their revenue growth slow and needed to quickly generate a higher RevPAR to support expansion efforts. Additionally, they were preparing to launch several new markets and needed to ensure a successful launch.
RevPARTY aided Sojourn to accurately benchmark and report performance, created custom dynamic pricing tools, developed revenue management strategy and tactics based on historical data insights, and provided technical education which enabled Sojourn to conduct all necessary actions in-house.
In just 6 weeks Sojourn’s RevPAR increased against the market RevPAR by 25%, they had significant cost savings from process improvements; including cancelling a managed revenue service, and their new markets launched and began performing 66% better than market in just their first quarter.
OUR Past Clients
“RevPARTY is amazing! We saw measurable results fast. Not only did they improve our revenue management program for an immediate impact; they strategically guided us in the industry through both their analytical methods and unique experience.”
“RevPARTY gave us the knowledge we needed to take our business to the next level and really become a top performer in our market.”
Our Door Is Always Open
If you think revenue management, strategic planning, and data analysis designed to maximize revenue and customized to your needs may be right for your company, fill out the form below and RevPARTY will contact you to collaborate on the best path forward.