Services
Comprehensive Revenue Management
Because revenue management is more than a weekly phone call.
Elite RGT has more than ten years of experience working with vacation rental property managers across the United States to create actionable insights that result in revenue gains. Unique to Elite RGT, we believe revenue management is more than weekly phone calls; we dig into our client’s market background, provide relevant reporting, and physically make changes in their property management system for them. Revenue management is an important part of success, and Elite RGT is designed to take the guesswork out of it. Services offered include:
Data Analysis and Pace Reports
Unit Performance Reporting
Revenue Generation Meetings
Management of Rates
Management of Booking Rules
Validation of Data Accuracy
When working with each individual client, our approach is to provide a full scope revenue experience that is easy to interpret and measure success.
Phase 1: Research
Elite RGT will review client performance, market data trends, and historical data. This research forms the basis of our suggestions and recommendations. Our team must understand our clients’ goals and initiatives to create an ongoing plan and optimize our findings. We will compile the research and present it in an easy-to-understand and concise manner during phase 2, the RGT Call.
Phase 2: RGT Call
Elite RGT discusses the recommendations determined during the research phase and seeks approval for making changes. To help the client make informed decisions, the team will provide reports such as the pace report and the unit performance report. This will give a full picture of potential areas for improvement where growth is concerned and an opportunity to celebrate successes for the business.
Examples of changes could include an increase or decrease in the minimum length of stay, the decision to offer a promotion or discount, an increase in daily rates, or an update to marketing messaging. These calls can be scheduled at the frequency the client chooses, whether weekly, biweekly or further apart.
Phase 3: System Changes
Once the client has signed off on a plan, Elite RGT will execute the system changes directly in your property management systems, if desired. Elite RGT has extensive knowledge of several programs. Our system knowledge provides our clients peace of mind that the recommended changes are being implemented correctly and swiftly.
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Track
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Escapia
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LiveRez
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Beyond Pricing
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PriceLabs
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iTrips
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Rented
Phase 4: Post-Review Analysis
Our post-review analysis closely monitors performance and notes what’s working and any unanticipated anomalies in performance. This post review will provide crucial information to pivot, if necessary, to greater success.
Real Revenue Management
Elite RGT recognized a need in small to medium-sized property management companies for a knowledgeable revenue management team and has created a solution that can be curated to each client’s needs. We believe revenue management is a collective approach, so we strive to work with the whole business, including the operations, marketing, and revenue management departments, to help leverage and optimize revenue.
At Elite RGT, it’s not revenue management if it’s not generating revenue. Let's work together.