Yield Management - Kishan/Priyank

Modified on Thu, 08 Jun 2017 at 03:18 PM

Yield management is a variable pricing strategy, based on understanding, anticipating and influencing consumer behavior in order to maximize revenue or profits from a fixed, time-limited resource (such as airline seats or hotel room reservations or advertising inventory).


Basically Yield works on default inventory and also it calculate as free occupancy, which you have in monthly deals. So firstly you can insert the default inventory in room type and then activate.


For Example, You have 4 default inventories for a Double Room. If we calculate for today's date, you have only 1 inventory, now Yield calculates as 3 inventory is already occupied, let calculate in details 3 (inventory is already occupied) * 100 / 4 (default inventory) =  75%, so Yield system shows 75 for today's date.

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