Creating a Yield Management Strategy
A Yield Management Strategy groups similar Yield Management Programs together (all programs must be linked to at least one strategy). Strategies usually focus on a particular time-frame or date range, like summer afternoons or a holiday season.
To create a Yield Management Strategy
- Type ymstrat into the Convobar, or go to Management > Yield Management Strategy.
- From the Yield Management Strategy search screen, select Add New.
- Display Name: Enter a name that accurately summarizes the Programs you plan to create. We recommend naming each Strategy according to its purpose: for example, "2021 Summer Discounts;" "Perpetual: Early Bird Discounts;" or "Busy Hours Increases."
- When finished, select Save. You can now create Programs for this Yield Management Strategy.
To edit a Strategy
- Locate the Strategy and select it.
- Select Edit, and then make your changes. The Display Name and Location Options are editable.
- When finished, select Save.