Rentability

Owned by Hammudie Arnous
Last updated: Sept 01, 2023 by Dmitry Finkel
3 min read


Introduction

The goal of this page is to explain the Core Concept of Rentability. This page will help give a conceptual understanding of what is considered a Rentability in Maxxton Software (MXTS) / Newyse. This page does not aim to explain the configuration process of Rentability within the system and help with it’s setup. For a configuration guide, please see here (link needed).

Definition

When we talk about the concept of Rentability within MXTS / Newyse, we mean the combination of different rules / elements (linked to dates & time) that allow a given accommodation to be booked by a guest.

Parameters

The elements taken into consideration for creating a Rentability are the following :

  • Stay dates (i.e. from 01/02/23 to 30/12/23)

  • Book dates (i.e. from 01/01/23 to 31/12/23)

  • Arrival & departure days (i.e. Monday, Thursday & Saturday)

  • Minimal & Maximal length of stay (in number of days)

  • Minimum & Maximum deviation (time between book date & stay date)

  • Gap between two bookings (in number of days)

Purpose

The combination of these different elements put together allows for the creation of one or multiple Rentability rule(s) that will define when a certain accommodation can or can’t be booked by a guest.


Clients can therefore tailor their rentability based on the different parameters listed above to maximize the occupancy on their different locations throughout the year.

Grouping Rentabilities

Clients will often use multiple rentability rules to account for varying demand linked to seasonality & holidays for instance. When using multiple rentability rules, it can be useful to group them together into Rentability sets. The goal of these rentability sets is to allow clients to be able to easily apply all of the individual rentabilities held within a rentability set to different accommodation types.

It is important to note that Rentability is linked to, and has an impact on other Core Concepts such as Representations & Distribution Channels as well as on Rates.

Conclusion

Rentability is used to define when an accommodation type can be booked. It is based on several parameters that can be setup in the system. It is possible to have multiple rentabilities to account for varying demand and thus optimize occupancy. When there are multiple rentabilities, they can be grouped into Rentability Sets. These sets help copy multiple rentabilities at once on different accommodation types.