WuBook Yield Manager (Wym)

It can be a good sales strategy to keep low prices when you have many empty rooms and to offer high prices when your availability is limited.


With this plugin you can configure the system to automatically increase your prices on the WuBook parity rate plan when receiving a reservation for a defined period. When a reservation gets cancelled, Wym will act the other way around reducing the price in relation to your configuration.

☞ Docs: Plugins



You can create different rules. Each rule concerns a certain period (represented by a date range). On each rule, you can define multiple increases for each room. For each increase, you can also specify an availability range. In this way, it will be possible to set a lower increase (e.g., 5€) when the availability is still high, and a higher increase (e.g., 10€) when the availability is lower.

When you receive a reservation on a room whose availability is within a range, the price of the room in the booked period will be increased.


Since the virtual rooms share the availability with a main room, if you define an increase on a virtual room, the increase will be "mutual".


Global Impact


This option, when selected, will increment the price of all the room types included in the increasing price rule and will not only increase the price of the room type reserved.

For example, if you have created a rule to increment the price of the double, triple and quad room and you receive a reservation on a double, the price increase will be reflected in all 3 categories (double, triple and quad) as if each of them had been reserved.


Price Limits


To avoid your prices getting automatically updated to unwanted values is possible to define limits (minimum and maximum) which will stop Wym to decrease or increment prices out of these limits.


Warnings


! The price increase is done on your WuBook parity rate plan and in all virtual plans derived off of it. The increase will not apply on any other rate plan.

☞ Docs: Rate Plans

! The availability range considers the availability shown prior to the reservation. The availability range needs to be configured by entering first the minimum limit and then the maximum limit.

! Wym also updates prices whenever you receive a cancellation. In that case the price gets decreased and if you don't want to decrease prices for that period, you have to increase prices manually.

! If you manage the prices through an external PMS, you can set the rules of Wym, but obviously, the price modifications will be overwritten by your PMS prices as soon as the PMS system updates the affected dates.

! You have to create your rules on different periods. If two or more rules affect the same period there will be internal conflicts and the effectiveness of the application jeopardize.


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