Hotel Front Office Management, 3rd Edition

110 CHAPTER 4: PROPERTY MANAGEMENT SYSTEMSFigure 4-7. Reservations module.1. Guest Data2. Room Inventory3. Deposits4. Special Requests5. Blocking6. Arrivals7. Departures8. VIP9. Projected Occupancy10. Travel Agents11. Guest Messages12. ReportsYield ManagementYield management, a process of planning to achieve maximum room rates andmost profitable guests (guests who will spend money at the hotel’s food and beverageoutlets, gift shops, etc.), encourages front office managers, general managers, andmarketing and sales directors to target sales periods and develop sales programs thatwill maximize profit for the hotel. This module (Figure 4-8) shares similar databaseswith the reservations module—room inventory, room rates, reservation status, andguest information. If a hotel is entering a maximum demand sales period, the yieldmanagement module will allow the reservations manager to block out that time periodto prevent guest requests for room reservations for less than the minimum timeperiod. Also, the computer will prompt the reservations clerk on which room rate categoryto apply. Daily reports on how well the front office achieved maximum yield ofrack rates, the highest room rate charged in a hotel, provides feedback to the generalmanager and owners. A history of guest sales in food and beverage also assists salesand marketing managers in determining if a group reservation has potential for profitability.Figure 4-8. Yield management module.1. Master Rate Table2. Per-Person Increments3. Guest Type Increments4. Yield ManagementTLFeBOOK