There are two four types of Default Rates: - Single Parent Rate: A Parent Rate Plan is setup with unique Restrictions that is managed independently in Manage Rates. Add Single Parent Rate
- Child Rate Plan: A Child Rate is a rate plan that is setup under a Parent Rate Plan and "linked" to the Rate of the Parent Rate PlansPlan. Any Child Rate can be allocated to your front desk, OTA/GDS, or website in Agent Allocations. By creating a Child Rate with a positive or negative percentage (%) or flat amount ($) linked to a Parent Rate, you can easily manage rate tiers automatically. Child Rates are typically used to give automatic discounts for special rates like AAA or to increase rates to individual channels like OTA or Agents. Add Child Rate.
- Item Included Rate: this is a rate that can be sold that includes an Inventory Item with the rate. You must first create the Item to be sold with the rate, and make are the taxes applied to that Item are accurate. Then add that Item to the Rate, and choose whether to Add the Item Cost to the rate or not, and if the Item should recur each x days.
- Add Item Cost: NO. In this situation, the Rate will be booked at what is on the Rate Grid for the particular rate, and the Item added to the booking for tracking purposes and to report on the Folio. The price for the Item will be $0 and will the quantity appearing on the Folio will be based on booking duration and the recur days value set for the Item. *Note: If the Item is included in the cost, taxes from the Item do not appear on the Folio, only the Item and its Quantity.
When booking such a Rate with Include Item from a Booking Engine, the Item's description will appear in Green color so the Guest knows the Item is included, as the example here shows:  Image Added
- Add Item Cost: YES. In this situation, the Rate will be booked at what is on the Rate Grid for the particular rate, and the Item added to the cost of the booking for tracking purposes and additional charges to the Folio. The price for the Item will be what is setup for that Inventory Item and the quantity appearing on the Folio will be based on booking duration and the recur days value set for the Item. *Note: If the Item is added to the cost, taxes from the Item do appear on the Folio.
- Long Term rate:
Use the "Group" field in the Default Rate Plan to group or categorize your Rate Plans for easier management and selection at the Front Desk when making a Group Booking or using "Booking by Inquiry" to create an individual Booking.
Inthe In the example below, The Queen Rate Plan is assigned to the Queen Room Type. This will appear as the standard rate plan for all Rooms in the Queen Room Type. To create a Special, discounted rate or package for the Queen Room Type, firstcreateanew first create a new single rate or child rate and then allocate the additional rate plan in the Agent Allocations (RELATIONSHIPS | AGENT RELATIONSHIPS). See Agent Allocations. Or, in a Package. See Packages  Image Removed Image Added
- Rate I.D.: Rate ID will be seen in the Rate Plan drop-down list when making or editing a booking.
- Rate Description: Rate description will be seen in the Rate Plan drop-down list when making or editing a booking.
- Rate Group: Rate Groups are created primarily for Group bookings to apply a set of rates that correspond to a Room Type. See Add Rate Group
- Rate Type: Per person refers to the # of people included in the Room Rate (typically 2). Thisallowsyou charge an extra fee for additional guests in the same room. A flat rate refers to a Flat Rateregardlessofnumber of people.
- Parent/Child: Parent Rates are the main rates and can have child rates set up underneath them. See Parent Rates and Child Rates
- Adult Day: This is the primary weekday Rate for the Rate Plan.
- Sort : this is the sort value for how the rates will show on both the Booking Engines and the MyPMS rate 'drop down' when your users view the rates available for a specific Type. Sort order of 1 will be the first rate, 99 the last rate in the list.
- Recur Days: This is to make sure the Booking has the correct Quantity when booked for both reporting and tracking purposes. It's often used in situations like cleaning fee or a meal, to be added for each x day of the stay. If this is the case, choose how many Items for each day of the stay the Item should be added to the Package. For example, if a cleaning fee is only needed to be attached to the booking once each 7 days, make the recur days as 7. For each 7 days of the booking, one additional 'cleaning Item' entry will be added and priced. Thus a 21-day booking would haveQuantity: 3 'cleaning fee' Items added to it when booked.
|