Room Level Yielding Overview: Room level rate yielding allows rates to be adjusted individually for each room type based on inventory tiers. This gives you greater control over pricing based on factors such as demand, availability and seasonal trends
Key Features
The feature allows you to optimise your dynamic rates based on inventory for each individual room type
Set seasons and rate formula for inventory tiers
Automatic rate calculation based on inventory and set seasons
Syncs calculates rates to all connections managed within Channel Manager
Additional Manual override, allows more control for high demand or special event dates
We also offer a Revenue Management system where dynamic rates based on Total Availability at the property (OTP required to switch Revenue Management feature)
How do I enable Room Level Yielding
Navigate to Dynamic Rates
Login to extranet > Tools > Revenue Management
New setups > you will be presented with 2 Revenue Management options (Room Level & Matrix Revenue Control)
Select Enable for Room Level > Confirm to proceed to setup
For existing setups access is via Property Settings > Dynamic Rates
Setup Room Level Yielding
1. Season/Date Ranges define date ranges and their applicable seasons. As well as manage season setup
Seasons - 6 preset seasons to choose from. To add, edit, deactivate or delete seasons select 'Create/Edit Date Range'
Edit - to change season name and colour
Deactivate - to keep season in deactivated state, OTP required. Cannot be applied to any dates to proceed
Delete - to remove season, OTP required. Cannot be applied to any dates to proceed
Changes not permitted to Default season
Date Range - Apply seasons to specific date ranges
Through calendar, displaying a month-by-month view. Simply select the 'From & To Date > Select Season from drop down menu > SAVE OR
Bulk update, allows you to update multiple date ranges at once. Scroll down past the calendar display > select the 'From & To Date > Select Season from drop down menu
To add multiple date ranges simultaneously, click + > SAVE
NEXT
Default season will apply to dates where no season has been applied.
3. Rates Set rates for each room type, across every inventory tier, for each season
Select Room type from drop down menu
Select season from drop down menu
Set inventory tiers by defining the "from and to" value.
A new tier will be created until it reaches 0.
Set a rate for each inventory tier. This rate will apply once inventory is within that tier's threshold for the selected season
SAVE - follow this same process for each room type and season. Each season and room can have their own inventory tiers, this provides more flexibility as each rooms requirements and demand will vary
Once all rooms are completed, select Sync. This will program a full sync
4. Mode this defines whether the rate for a selected date range will follow the dynamic rate calculate or manual (rates manually applied)
Check flag for the mode you wish to apply
Select Room type from drop down - allows you to set mode based on room type
Enter date range - select to and from dates where mode will apply. Multiple date ranges supported
SAVE
Additional information
Inventory Tiers - the from inventory is based on total inventory set within Room Type setup.
Seasons - when creating seasons you are presented with 2 options New & Master
New create a brand new season
System created seasons