Collections

Collections are at the heart of Revenue Management. A collection is a bundling of types of accommodations. There are three main reasons for doing this:

• Avoid micromanagement

• Interchangeability of resources

• More data leads to more reliable forecasts

Create new collection(s)

There are two ways to create new collection(s). First, creating collection one by one. And second, generating collections by our clustering algorithm.

Create collection

1. Click Create collection, at the bottom of the column where collections are displayed (only if collections have been configured).

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2. Give the collection a recognisable name. For understanding by colleagues, also give it a description.

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3. Add accommodations to the collection.

4. Choose optimisation strategy. Limit the increase/decrease compared to the first rate. Limit of optimising step in percentage. For more information about Optimisation strategy → Optimisation strategy

5. Choose monitors. For more information about monitors → Monitors

Generate collection

1. Click Unassigned.

2. Click Generate collections.

3. Choose your settings.

4. When collections are generated, check if you see anything unexpected.

   1. Delete collections

   2. Remove accommodation type(s) from collection(s).

   3. Rename collection(s) and code(s) to something recognisable.

   4. Change the description(s) if required.

5. When you have finished checking, click Finish. Collections are generated.

Selected collection

After selecting a collection, information about this collection is displayed and options can be chosen.

Information displayed:

• Maximal decrease step: this is the percentage a rate can maximal decrease.

• Maximal increase step: this is the percentage a rate can maximal increase.

• Decrease limit: how much a rate can decrease compared to the first rate.

• Increase limit: how much a rate can increase compared to the first rate.

Boxes

Displays the Locations, Accommodation kinds, Accommodation types, Units of the collection.

Accommodation types

Here the accommodation types of the collection are shown, here you can move and add accommodations types. Booking score and Content score show how much accommodation types are similar to each other.

Optimisation strategy

Here you can see what the strategy is for the collection per stay dates. When clicking on the Update strategy you can update the strategy.

Monitors

Here the monitors for the collection are shown and monitors can be added, removed or copied.

For more information go to Monitors .

Optimise all

Optimise all