It is becoming a trend, the self aware horror. Ever since the original Scream, can't believe I have to say "original Scream" but ok, counting down to movies like Behind the Mask: The Rise of Leslie Vernon, Final Girls, Fear Street, Talk to me, and so on, movie characters don't act like movie characters anymore.
If they are in a zombie movie, they know what zombies are, and the same happen here: characters that quickly accept their situation and try to find a way out. How do they do it? Well exactly like you would see in a horror film, by going back to the beginning, seeing how it all started and finding the way to end it.
Elevator Game is somewhat fun and sort of smart but it doesn't reach the heights of an original masterpiece. Characters are overall bland and boring, the plot is easy to predict and sadly...they went with a lot of bone cracking. I think this technique is overused and it just doesn't impress anymore. Should have done something different with our main killer.
It's no Grudge, no The Ring, the villain has very little screen time and whenever it does appear, its presence has no impact.
For a one time view, I think you should definitely try it. It's out there with Countdown (2019), Come play (2020) or Megan (2022). Close to something great, but not quite there.
Cheers!