Use this yield profile to create a rate adjustment by Occupancy ONLY.
This means that a rate adjustment will be triggered by ONLY an Occupancy event. For example, raise rates by 10% if occupancy is above 80% and lower rates by 10% if occupancy is below 50%.
Occupancy setting: Set occupancy "below" AND "above" a percentage occupancy amount to trigger the rate change. I.e. Below 50%
In this section
To add an Occupancy Yield Profile
- Enter a Description
- Type: Choose "Occupancy Only" from the drop down list.
- Occupancy "Below" or "Above" from the drop down list.
- Threshhold: Enter the Occupancy percentage amount to "above" or "below" to trigger the rate change. I.e. Below 50%
- Adjustment: Enter the percentage amount of the rate 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% if Occupancy is below 60%.
Adjust rate by -10% if occupancy is below 60%
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