- May 22, 2010
- Reaction score
Another one on the Properties Tab you might want to look at, if you're interested. Select Properties Tab then on the left at the bottom select Yield Management. This is where supply and demand can earn you some easy extra money, like several hundred dollars/year, with no effort!
You can set ResKey to, for example, charge $X more if it's the last room available on that date, or charge $X less if it's 2 days out and you still have rooms available, so you want to offer an incentive to book one.
This is what the big hotels do. We might as well benefit from it, too, since, in my opinion, it only has an up side.