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How to use Yield Management

RoomRaccoon offers the possibility to let prices fluctuate based on availability and lead time. For example, you can set up a last-minute deal for bookings that are made 3 days before arrival to have a discount or increase in price. You can set yield rules by clicking on the rates & availability overview on the left hand side of the screen and by opening the yield tab.

How to set up a Yield rule
Open the yield tab in the rates & availability overview.
Click on + rule on the top right side.
Give your rule a name (for example last-minute deal).
Select how much availability you want to perform the action at. For example: When there are between 50% and 100% of the rooms still available, yield adjusts the rates.
Indicate the number of days/weeks before check-in that this yield would be applicable for.

Select what discount or surcharge you would like to apply in this scenario.

Select if you would like this rule to apply to your whole accommodation, to specific room types or to specific rates.

If applicable, select specific days of the week or months when this yield rule should be applied. You can also set up a start date and an end date.

How to implement a stop-sell using yield:
Yield can be used to automatically close and open rates on certain dates or for certain periods. This is very useful if you want to offer rates only at certain times. Think for example of a non-refundable rate that you have to book with a certain lead time or a special offer that should no longer exist once a large number of rooms have been sold.

Example: If you want the package "summer special" to be only available in July and August, you can set it up like this:
Give your yield rule a name
Availability: between 0% and 100%
Days before arrival: between 1 and 52 weeks
Action: tick the box "stop-sell"
Select all days
Select all month EXCEPT July and August
Select the rate you want to apply the yield rule to

Good to know
Rates that are affected by Yield are given a light blue colour.
Have you created and activated Yield rules but cannot see them yet? Yield will only adjust after there has been a change in availability. You can manipulate this by creating your own reservation in the calendar and cancelling it.
I want to adjust the rates for a specific day or period but I don't want Yield to adjust the rates again afterwards. Is this possible? Yes, you can! Perform a bulk action over the whole accommodation to adjust the rates. There is an option to make the rate 'Overridable by Yield'. If you tick this option Yield will overwrite the price, if you keep it unticked the price will not be overwritten.
What kind of rules can I make? Don't have any Yield rules activated yet? We have ones you can activate immediately!
There's an exclamation mark on my rates in Yield, what does it mean? This means that you have multiple Yield rules active that conflict with each other. This is not possible. Check your Yield rules and make sure that the period or occupancy is not the same.
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