Use this yield profile to create a rate adjustment by Time ONLY.
This means that a rate adjustment will be triggered by ONLY a Time event.
Time setting: Set the # of days before or after a booking date to trigger the rate change.
For example, more than 30 days before booking date; more than 60 days before a booking date; less than 10 days before a booking date
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In this section
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Yield Management
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To add an Occupancy Yield Profile
Go to SETUP | YIELD MANAGEMENT
Click Add at the bottom right.
A new Yield Profile will open.
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To add a Time Yield Profile
Enter a Description
Type: Choose "Time Only" from the drop down list.
Days Left: Choose "More" or "Less" in the drop down menu.
Than: Enter the number of days you want to trigger the event. I.e. More than 30 days.
Adjustment: Enter the Flat dollar amount or the percentage amount of the rate to discount or increase triggered by EITHER one of these events. I.e. Enter discount as -15 and an increase as 15.
In this scenario, we want to adjust the rate by -10% when booking is made more than 30 days in Advance.
Adjust rate by -10% if booked more than 30 days in advance