Enables owners and managers to increase both nights booked and average revenue per night
(April 27, 2015) — Kigo, a leading provider of vacation rental booking and channel management solutions, introduces the release of a powerful new revenue management system that removes the need for manual analysis of rates, market research and the time-consuming process of changing rates, to help owners and managers reach higher occupancy and revenue per unit (RPU) with each booking.
Kigo Revenue Management is a sophisticated tool based off proven principles used by hotel and airline industries, but tailored specifically for vacation rentals. This user-friendly solution takes the guesswork out of setting the optimum rates for properties, by automatically adapting to real-time rental rates based on seasonality and market demand. This enables the highest possible price for properties to be achieved and, in some cases, has resulted in growth of more than 20 percent for nights booked and RPU.
“We saw the need for an effective, easy-to-use revenue management system for the vacation rental market,” said Rob Käll, senior vice president, Kigo. “Kigo now offers both small and large companies a best-in-class solution that simplifies, enhances and manages all the nuances of rate optimization, helping owners grow their business, in some cases adding as much as $1,200 of additional management revenue per unit annually.”
“The time and cost saved by eliminating manual tasks is obvious, but this solution gives us a real advantage in the marketplace,” said Andrew Campion, owner of The Apartment Medellin/First American Realty. “Kigo Revenue Management helps us keep prices synchronized across all distribution channels and enables us to adjust rates automatically based on occupancy exposure, supply and demand, as well as other factors. We’re able to manage more units, while our clients earn more vacation rental income—a win-win for everyone.”
Kigo Revenue Management is currently available to vacation rental managers in the U.S. and will soon be available globally. For more information on Kigo Revenue Management, watch the video or visit the Kigo booth at the VRMA Eastern Conference held April 27-28 in Norfolk, Va.
Kigo offers online booking and channel management for vacation rentals. Vacation rental listings using Kigo can be automatically syndicated to hundreds of marketing channels and when a consumer clicks on a listing they can book it online, view more information through a marketing website, check pricing & availability with prices adjusted in near real time by our revenue management system, pay online, lease online with eSignature and purchase trip insurance. Currently, Kigo is used by more than 1,300 property management companies worldwide. For more information on Kigo, visit: www.kigo.net. Kigo is a wholly-owned subsidiary of RealPage, Inc.
RealPage, Inc. is a leading provider of comprehensive property management software solutions for the multifamily, commercial, single-family and vacation rental housing industries. These solutions help property owners increase efficiency, decrease expenses, enhance the resident experience and generate more revenue. Using its innovative SaaS platform, RealPage’s on-demand software enables easy system integration and streamlines online property management. Its product line covers the full spectrum of property management, leasing and marketing, asset optimization and resident services solutions. Founded in 1998 and headquartered in Carrollton, Texas, RealPage currently serves over 10,000 clients worldwide from offices in North America, Europe and Asia. For more information about the company, visit http://www.realpage.com.