Adding yieldable costs and values

Yieldable costs and values can be added to a rate plan, package plan, or channel to more accurately represent the true cost of a room when the system compares a rate against the opportunity cost during the reservation process. The cost or value will be added to, or subtracted from the rate value before evaluating against opportunity cost to see if a rate is available

To add yieldable costs or values to a rate plan, package plan, or channel:

  1. Select Rates and Sales > Revenue Management > Costs and Values. The Yieldable Costs and Values screen is displayed.
    Note: A record that is marked with the green checkmark icon indicates that the record contains yieldable costs and values.
  2. Choose one of these options to add yieldable costs and values to:
    Option Description
    Property Rates Click the Property Rates tab to add yieldable costs and values to a rate or package plan.
    Channel Click the Channel tab to add yieldable costs and values to a channel.
  3. Expand the record for which to add yieldable costs and values to.
  4. Click Add New. A new row is displayed.
  5. Specify this information:
    Description
    Specify the description.
    Yieldable Amount
    Specify the yieldable amount
    Calculation Basis
    Specify the calculation basis. Your options are Per Room Per Stay, Per Person Per Stay, Per Room Per Night, or Per Person Per Night.
  6. Click Save . The yieldable costs and value record is saved. Add additional yieldable costs and value records as necessary. To edit or delete a record, select the record and click Edit or Delete.