Operational Excellence
OUR OVERVIEW
Operational excellence isn’t the first thing that comes to mind for revenue management, but the two go hand in hand. Operations create the constraints a revenue management strategy has to operate in. Improving operations loosens these constraints and moves the needle on revenue.
That’s where RevPARTY can leverage its vast knowledge and experience to help you navigate your revenue management journey. RevPARTY finds operational challenges and turns them into revenue opportunities, flipping the script and using revenue data to improve operations.
Our Services Include
Vacation Rental Standard Operating Procedure
SET THE STANDARD. MAINTAIN THE STANDARD.
OVERVIEW
Are you a vacation rental manager looking to take your business to the next level? Do you want to ensure that your guests have a consistent and exceptional experience every time they stay with you? Then listen up, because I've got the secret to success: standard operating procedures!
Yes, you heard me right. Standard operating procedures, or SOPs, are the key to streamlining your operations, ensuring consistency, and providing exceptional service to your guests.
As a vacation rental manager, you know how important it is to provide a memorable experience for your guests. But with so many moving parts – from booking to cleaning to maintenance – it can be hard to ensure that every guest receives the same level of service. That's where SOPs come in.
With SOPs in place, you can establish clear expectations and guidelines for every aspect of your business. From the way your cleaners prepare a property for guests to the way your maintenance team handles repairs, every step of the process is clearly defined and documented.
And the benefits don't stop there. SOPs also help you identify areas for improvement, streamline your processes, and reduce the risk of errors or misunderstandings. They ensure that everyone on your team is working towards the same goals, and that your guests always receive the level of service they deserve.
But perhaps the most exciting benefit of SOPs is the time and energy they can save you. By documenting your processes and procedures, you can free up your time to focus on what really matters – providing an exceptional experience for your guests. You'll be able to delegate tasks with confidence, knowing that your team has everything they need to deliver the level of service you expect.
Vacation Rental Housekeeping Projections
DO YOU WANT GLOWING REVIEWS AND LOWER OPERATING COSTS.
OVERVIEW
When guests arrive at your rental property, what's the first thing they notice? It's not the fancy furniture or the breathtaking views (although those are important too). No, the first thing they notice is whether the place is clean and tidy. And if it's not, it doesn't matter how great everything else is – they're not going to be happy.
That's where housekeeping comes in. With a top-notch housekeeping team, you can guarantee that your property will always be spotless and inviting for your guests. The best way to do this with arrival and departure forecasts.
Think about it, if you have a revenue management program you’re likely already projecting bookings and length of stays. This is directly related to housekeeping turns. By predicting when you’ll have departures and arrivals, you can acurately predict how many hours or property cleans you will need from your housekeeping staff.
Take the complexity out of scheduling and reduce your operational costs by predicting when housekeeping needs to happen.
Vacation Rental Operational Constraints
DON’T LET OPERATIONAL LIMITATIONS LIMIT YOUR REVENUE.
OVERVIEW
An optimal revenue management strategy is great in theory, but you have to execute it in the real world. Every business constraints, but what’s the cost?
Identifying operational constraints, their opportunity cost, and how to move the business towards a more profitable future
Vacation Rental Amenities Optimization
ON AVERAGE, GUESTS USE 7 DIFFERENT FILTERS ON VRBO. WHAT’S THE ROI ON A COFFEE MAKER?
OVERVIEW
Vacation rental amenities are often one of the easiest ways to move the needle. However, a misguided strategy leads to missed opportunities and an expense line you didn’t need.
By targeting the amenities that matter most, staying aware of the available supply in your market, and defining your specific brand proposition is essential to improving revenue. The sales funnel starts with your property being discovered. Don’t get filtered out by guests.
Our Other Capabilities
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.