You select your parameters and ResNexus's Yield Management tool will adjust your prices up or down—consistently and automatically. Improving your business's efficiency, one guest at a time.
With today's mobile technology, customers can quickly compare your prices and services to competitors'—all in minutes. If your pricing structure is fixed, you're either missing out on guests (priced too high) or money (priced too low). Why not get them both?
Savvy business owners realize the value of variable pricing. Effective yield management has strengthened revenues 3-11% and more; in many industries, this doubles profits. What could yield management do for you?
The yield management feature found in ResNexus is totally customizable. You choose the occupancy limits, the dates and the rooms; ResNexus automatically increases or decreases the price.
* Increase revenue: When demand spikes (from a holiday or popular local event), your rates will automatically go up once a certain occupancy level has been met.
* Protect occupancy: During your slow season or a phase of construction, offer discounted fares to keep guests coming.
* Encourage desirable customer behaviors: Hate last-minute bookings? Want more walk-ins? Need online reviews of a recent renovation? Use your rates to invite customers when and where you want them.
Control supply and create demand, hassle-free, with the new ResNexus Professional Edition's automatic Yield Management— a powerful benefit that has many Innkeepers smiling.