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In this scenario, we want to adjust the rate by -10% if Occupancy is below 70%.
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Example of an Occupancy Only set of Rule:
If one setup these rules for occupancy changes:
- 81% to 90% (Below 90%) Occupancy Only -7 Percentage
- 71% to 80% (Below 80%) Occupancy Only -10 Percentage
- 61% to 70% (Below 70%) Occupancy Only -15 Percentage
- 51% to 60% (Below 60%) Occupancy Only -20 Percentage
- 41% to 50% (Below 50%) Occupancy Only -20 Percentage
- 31% to 40% (Below 40%) Occupancy Only -30 Percentage
- 21% to 30% (Below 30%) Occupancy Only -30 Percentage
- 11% to 20% (Below 20%) Occupancy Only -30 Percentage
- 0% to 10% (Below 10%) Occupancy Only -40 Percentage
Using an example of a QUEEN Room Type with a $100 Base Rate, with 10 QUEEN rooms, one can easily look at the occupancy levels and how Rates would be affected. In this case, if testing for Aug 1st a series of bookings that affects the occupancy would create the following rates:
- Aug 1 = 10% - Rate: $60
- Aug 2 = 20% - Rate: $70
- Aug 3 = 30% - Rate: $70
- Aug 4 = 40% - Rate: $70
- Aug 5 = 50% - Rate: $80
- Aug 6 = 60% - Rate: $80
- Aug 7 = 70% - Rate: $85
- Aug 8 = 80% - Rate: $90
- Aug 9 = 90% - Rate: $93
- Aug 10 = 100% - Rate: $100
Add Rates to Yield Profile
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