The following article explains how to modify existing Rate Yield Parameters.
Modifying Yield Parameters
Proceed to Operations > Yield Management.
The Yield Management screen will appear. Choose the appropriate Rate Grouping (Rate Categories or Room Types) for the Yield Management being modified.
- Ensure the black arrow is pointing towards the correct Rate Category (or Room Type)
- Click View Rate Yields
A list of all Room Types and their corresponding Rate Plans will appear.
- Select the Room Type & Rate Plan where the yield settings are to be changed (ensure the black arrow is pointing towards the correct Room Type & Rate Plan)
- Click Modify
The Date From & To, Ascending, Flat Amount and Max Value can be changed in the bottom window.
To change the yielding amounts, click on the yield range to be changed, and click Remove. This will delete the selected yield range.
Use the Insert button to add a new range and amount.
Once the desired changes have been made, click Save to save the changes.
IMPORTANT NOTE:
- Existing reservations will not be affected by this change. Whatever rate the guest booked will remain on the reservation.
- If a change is made to an existing reservation that affects the rate (ie: the number of people in the room), the new yield parameters will then be applied to the booking, and the old yield parameters will no longer be available.
If modifying yielding with the Rate Category Grouping, a message will be displayed asking this change should be applied to any other rates in the Rate Category.
Select Yes to apply the change to any other rates, or No if the change made was for this rate only.
