Tags ArchivesHotel inventory synch

Yield Management Simplified standard

This blog discusses Yield and Rate Management. We have worked to simplify the steps so that the tasks mentioned here can be delegated. Quarterly Activities The following should be reviewed and adjusted every 3 months. Make sure you have inventory and restrictions loaded 1 to 1 ½ years out Verify Yield Management Goals. Checkpoint period needs to be defined over here. Verify Rate Management Rules This should be checked periodically and modified as per market conditions and your goals. You can view the rules by navigating to Room Type details page.     Create a calendar of compression dates. Print a calendar of compression dates. These dates should be checked in the weekly activities.   Weekly Activities Verify Yield Management Progress ...

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Room Item Inventory: How to add,manage room items? standard

 This is a reminder that you can manage Room Items inventory in FairCloud PMS. This will help you manage in room item inventory and also track rooms that have been remodeled etc. Please note this module should not be used to track maintenance activities. To add Room Item Inventory, please navigate to Configuration –> New Line Items. In this section, please fill the Item Name and in the category please select In Room Items. Press Save once you are done with filling the appropriate fields. Logout and re-login to refresh the newly added item in the cache. Now you can go to your Room List, and scroll down to the desired room details. On the Room Details page, scroll down till you see the ...

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