Last Area Value
Set the minimum value that the Rate Amount can be set to for the last available Area in the Category in RMS.
Last Area Value determines the hurdle rate for the last available Area in a Category.
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Information
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Use
- Add Button
Information
Last Area Value determines the hurdle rate for the last available Area in a Category.
The value entered will be used as the benchmark amount when the Category availability is 1.
If the Rate Amount falls lower than the Last Area Value entered the Rate Type will not be available.
The Last Area Value Yield Adjustment can be used with a Last Area Value for Rates with a Commission or Package.
An Occupancy benchmark can be set to only apply the Last Area Value if the Occupancy is at the entered value.
The Occupancy Calculation Rule for the property will be used to determine the occupancy.
RMS will use the newest record when more than one exists for the same date and Restriction Type.
Category, Reservation and Rate are default System Labels that can be customised.
Users will require Security Profile access to use this feature.
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Use
- Add Button
Use
- Go to Charts > Rate Manager in RMS.
- Select the
'Control Panel' icon. - Select the
'Add' icon. - Select the Restriction Type as 'Last Area Value'.
- Select a Property.
- Select a Date Range or select the checkbox 'Set Permanently'.
- Optional: Select the checkbox for Days of the Week.
- Enter the Minimum Nightly Rate.
- Optional: Enter an Occupancy benchmark.
- Select the checkbox for a Category.
- Select the checkbox for a Rate Type.
- Save/Exit.
Select the 
'Add' icon to add Multiple Date Ranges at Step 6.
Select the 
icon to set a Restriction Type as a favourite.
The Last Area Value will apply to House Use and any connected channel mapped with the selected Rate Type.
-
Guide
- Add Button
Guide
Go to Charts > Rate Manager in RMS.
Select the 
'Control Panel' icon.
Select the 
'Add' icon.
Select the Restriction Type as 'Last Area Value'.
Select a Property.
Select a Date Range or select the checkbox 'Set Permanently'.
Optional: Select the checkbox for Days of the Week.
Enter the Minimum Nightly Rate.
Optional: Enter an Occupancy benchmark.
Select the checkbox for a Category.
Select the checkbox for a Rate Type.
Select 'Save/Exit' to store the changes made and return to the Control Panel.
The Last Area Value will close the selected Rate Type if the rate changes to lower than the entered benchmark.
Use
- Go to Charts > Rate Manager in RMS.
- Select the
'Control Panel' icon. - Select the
'Add' icon. - Select the Restriction Type as 'Last Area Value'.
- Select a Property.
- Select a Date Range or select the checkbox 'Set Permanently'.
- Optional: Select the checkbox for Days of the Week.
- Enter the Minimum Nightly Rate.
- Optional: Enter an Occupancy benchmark.
- Select the checkbox for a Category.
- Select the checkbox for a Rate Type.
- Save/Exit.
Select the 
'Add' icon to add Multiple Date Ranges at Step 6.
Select the 
icon to set a Restriction Type as a favourite.
The Last Area Value will apply to House Use and any connected channel mapped with the selected Rate Type.
-
Guide
- Add Button
Guide
Go to Charts > Rate Manager in RMS.
Select the 'Control Panel' icon.
Select the 'Add' icon.
Select the Restriction Type as 'Last Area Value'.
Select a Property.
Select a Date Range or select the checkbox 'Set Permanently'.
Optional: Select the checkbox for Days of the Week.
Enter the Minimum Nightly Rate.
Optional: Enter an Occupancy benchmark.
Select the checkbox for a Category.
Select the checkbox for a Rate Type.
Select 'Save/Exit' to store the changes made and return to the Control Panel.
The Last Area Value will close the selected Rate Type if the rate changes to lower than the entered benchmark.
