Configuring Yield Categories

Yield categories are groupings of like or similar rooms that are presented to customers in OPERA Cloud based on either the target market or pricing structure at the property. All room types for the property are automatically assigned to the default yield category Standard. These room types can be left in the default Standard yield category, or you can create new categories to better manage your property's demand and pricing. Along with yield categories, hurdle steps will have to be configured to define the exact hurdle amounts (price slices) that will be forecasted for all yieldable room types in a property.

Note:

When the Multi Property OPERA Control is active, new Yield Categories are created by selecting the Template tab. Once created, you can copy Yield Categories to specific properties using the Copy action. Refer Copying Configuration Codes to Multiple Properties for more information.

Adding Yield Categories

1. From the Administration menu, select Financial, select Rate Management, and then select Yield Categories.

2. Click New and complete the following

   1. Property: Search and select the property.

   2. Yield Category: Enter the yield category.

   3. Description: Enter the description.

3. Click Save or Save and Continue.

Editing Yield Categories

1. From the Administration menu, select Financial, select Rate Management, and then select Yield Categories.

2. Enter search criteria and click Search.

3. Select a yield adjustment code in the search result, then click the vertical ellipsis Actions menu, and then select Edit.

4. Update the configuration

5. Click Save.

Deleting Yield Market Type

1. From the Administration menu, select Financial, select Rate Management, and then select Yield Categories.

2. Enter search criteria and click Search.

3. Select a yield adjustment code in the search result, then click the vertical ellipsis Actions menu, and select Delete.

4. Click Delete to confirm.