Yield Optimiser: Difference between revisions

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[[Category:Settings]]
 
[[Category:Prices]]
[[Category:Prices]]
[[Category:Automation]]
[[Category:Automation]]
  ''This page is about the menu SETTINGS->YIELD OPTIMISER''
[[Category:Dynamic_Prices]]
[[Category:Rules]]
[[Category:Enhanced_Selling]]
<div class="heading">Yield Optimiser</div>
  This page is about the menu PRICES >YIELD OPTIMISER and explains how to create rules to automatically adjust prices.
__TOC__


I idea of the yield optimizer is to automatically adjust prices based on demand shortly before check-in.  
=Summary=
<div class="summarybox">
The idea of the yield optimizer is to automatically adjust prices based on demand shortly before check-in.  


Prices can be adjusted up or down. Multiple rules can be created and will work together.
You can set up rules to adjust your prices up or down. Multiple rules can be created and will work together.
Each rule can be assigned to one or more rooms. A rule will only adjust the price when it's trigger condition is met and if the room multiplier is not manually over-ridden.
 
Each rule can be assigned to one or more rooms. A rule will only adjust the price when its trigger condition is met and if the room multiplier is not manually over-ridden.
 
The multiplier will apply to all prices. If you use Fixed Prices you can deactivate the multiplier by setting "Allow Multiplier" = No in the Summary tab of the Fixed Price.
</div>
 
=Setup=


== Rule ==
== Rule ==
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Examples: The regular price per night is €100. 40% will lower the price to €40. 150% will raise the price to €150. 100% will leave the price unchanged.
Examples: The regular price per night is €100. 40% will lower the price to €40. 150% will raise the price to €150. 100% will leave the price unchanged.


The percentage to which a price is changed by the yield optimizer will show in the CALENDAR with a blue background. These automatic values can be manually over-ridden. Manual overrides will have a white background. In the CALENDAR you can also set individual dates or days of the week to "manual" to override the rules.  
The percentage to which a price is changed by the yield optimizer will show in the CALENDAR with a blue background. These automatic values can be manually over-ridden. Manual overrides will have a white background.


[[Image:yield.png|300px|link=]]
[[Image:yield.png|300px|link=]]
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The maximum value is 250%.
The maximum value is 250%.


  Note: The yield optimizer will not override manual multipliers.
You can choose the rule not to apply for channel management.
 
<span style="color:#fe746c;“ >{{#fas:exclamation-triangle}}  </span> The yield optimizer will NOT override manually entered multipliers. To remove a manual rule go to the Calendar, click in the Price multiplier row, select 'Auto' from the drop-down list and enter a date range This will allow any Yield Optimiser rule to be applied.


== Trigger ==
== Trigger ==
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Example: Original price = 100€, Rule 1 = 120%, Rule 2 = 150%. After the application of both rules the price will come to 180€.
Example: Original price = 100€, Rule 1 = 120%, Rule 2 = 150%. After the application of both rules the price will come to 180€.


Explanation: 120% of 100€ = 120€. 150% of 120€ = 180€.
Explanation:
*120% of 100€ = '''120'''€.
*150% of '''120'''€ = 180€.


Note: The order of the rules does NOT matter because: 150% of 100€ = 150€. 120% of 150€ = 180€.
Note: The order of the rules does NOT matter, because:
*150% of 100€ = '''150'''€.
*120% of '''150'''€ = 180€.




Note: We recommend you check carefully that your rules work as expected.
<span style="color: #f3e504; font-size: 250%;" >{{#fas:lightbulb}} </span> We recommend you check carefully that your rules work as expected.
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