Rate Recalculation results in the Quoted Rate on a reservation being updated based on the changes made.
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Information
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Setup
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Information
Rate Recalculation results in the Quoted Rate on a reservation being updated based on the changes made.
The Quoted Rate is the saved Total Rate Breakdown that determines the amount of money a guest will need to pay for their reservation.
Rate Recalculation will use the current Rate Setup including any changes to Occupancy that would affect Dynamic Pricing to calculate the new Rate Amount on the reservation.
Default Rate Recalculation on Check-out is an Accounting Option to determine the behaviour of the Quoted Rate when a reservation is changed to 'Departed' status on a date earlier than the Depart Date on the Reservation.
Changes to the below fields will result in Rate Recalculation and make the following adjustments to the Quoted Rate.
| Reservation Field | Rate Recalculation Effect |
|---|---|
| Arrive Date | Full Rate Recalculation for all reservation stay dates. |
| Departure Date | Partial Rate Recalculation to include additional stay dates. |
| Rate Type | Full Rate Recalculation for all reservation stay dates. |
| Number of Guests | Rate Type Additionals Setup will be checked and added to the existing Base Rate. |
| Category | Full Rate Recalculation for all reservation stay dates. |
| Area | Full Rate Recalculation for all reservation stay dates. |
| Company, Travel Agent or Wholesaler | Full Rate Recalculation for all reservation stay dates. |
| Bill Category | Full Rate Recalculation for all reservation stay dates. |
No Rate Recalculation will occur when the Base Rate or Total Rate have been overridden on the reservation.
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Setup
- Add Button
Setup
Have your System Administrator complete the following.
- Go to Setup > Accounting > Accounting Options in RMS.
- Navigate to the 'Reservation Rules' tab.
- Select the Default Rate Recalculation on Early Check-out.
- Save/Exit.
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Guide
- Add Button
Guide
Go to Setup > Accounting > Accounting Options in RMS.
Navigate to the 'Reservation Rules' tab.
Select the Default Rate Recalculation on Early Check-out.
Select 'Save/Exit' to store the changes made and leave the setup.
The selected default option will be used when a Reservation is set to Departed Status ahead of the selected Depart Date on the Reservation.
Setup
Have your System Administrator complete the following.
- Go to Setup > Accounting > Accounting Options in RMS.
- Navigate to the 'Reservation Rules' tab.
- Select the Default Rate Recalculation on Early Check-out.
- Save/Exit.
-
Guide
- Add Button
Guide
Go to Setup > Accounting > Accounting Options in RMS.
Navigate to the 'Reservation Rules' tab.
Select the Default Rate Recalculation on Early Check-out.
Select 'Save/Exit' to store the changes made and leave the setup.
The selected default option will be used when a Reservation is set to Departed Status ahead of the selected Depart Date on the Reservation.