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%. These yielded tiers can also be set to flat dollar amounts. For example, raise rates by $15 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
- Go to SETUP | YIELD MANAGEMENT
- Click Add at the bottom right.
- A new Yield Profile will open.
Click image to enlarge
- 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 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% if Occupancy is below 70%.
Click image to enlarge
Add Rates to Yield Profile
Then, add the Rates that you want to apply the YIeld Profile. A Rate can have multiple Yield Profiles applied
- Click Add Rate to add one specific Rate. Or, click Add All Rates to add all of your rates to the Yield Profile.
Click image to enlarge
- If you click Add Rate, then a screen will open with a field to select the Rate. Click on the magnifying glass icon to expand the drop down list of your rates.
- Select the Rate and click Save.
Click image to enlarge
You will then see the Rate in the list of the Yield Profile.
- To remove the rate for the Yield Profile, click Delete next to the Rate.
- To add another rate to the Yield Profile, select Add Rate
Click image to enlarge
Overview
Content Tools
