RaccoonRev: Setting up Yield Management Based on Competitors

With the info provided in competitors' analysis, clients can set yield rules that automatically adjust their prices based on what the competitor's trends are.  

To set up a yield rule based on your competitor

1. Access Channel Manager Tab.

2. Navigate to the Yield Tab

3. Add a new rule by clicking “+ rule”

4. Add the yield name, availability and days before check-in the rule will apply. 

5. You can set up your rule to be based on competitor behaviour i.e if all competitors are sold out and the average price is up. You can increase your rate by 10% to capitalise on the high demand.

6. Select the days/months and the room types you want the rule to affect.

7. Click Save.