The Advance Purchase option on the Rate Type will determine how far in advance from the Arrive Date that the Rate Type must be booked.
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Information
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Setup
- Add Button
Information
The Advance Purchase option on the Rate Type will determine how far in advance from the Arrive Date that the Rate Type must be booked.
Advance Purchase Rates can be used as part of a strategy to attract and reward early bookers with promotional or discounted prices.
A Rate Type is the charge description that identifies a pricing structure used by Reservations.
Derived Rates determine their pricing using an adjustment amount set against the selected Master Rate Type.
A Rate Type will only be available for selection on a reservation if it has been linked with a Rate Period and Rate Table using a Rate Lookup.
The Rate Structure selected on the Rate Type will determine the type of Rate Table it can be linked with in a Rate Lookup.
Only a Rate Type and a Rate Table with a matching Rate Structure can be linked together.
The Rate Structure selected on the Rate Table will determine the pricing structures available.
Two Rate Structures are available that will determine how the Rate can be used and what calculation options are available.
The Direct Rate Structure is the most flexible with Hourly, Daily, Nightly, Per Guest and Extended Stay options that can be used in-house, on the RMS Internet Booking Engine and for select Channel Connections.
The OTA Rate Structure is limited to Nightly and Extended Stay calculation options that are accepted by Online Travel Agents.
Enterprise customers can use Rate Type Property Rules to share a Rate Type between properties and maintain separate Rate Type rules or conditions per property.
The Rate Hierarchy determines which rate rules take precedence when a rule exists on more than one layer of the rate.
Category, Area, Reservation, Guest and Rate are default System Labels that can be customised.
System Administrators will require Security Profile access to setup this feature.
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Setup
- Add Button
Setup
Have your System Administrator complete the following.
- Go to Charts > Rate Manager in the Side Menu of RMS.
- Select the
'Rates' icon. - Select 'Rate Types'.
- Select the
'Add' icon. - Optional: Enter a Rate Code.
- Select a Rate Structure.
- Enter a Rate Type Description.
- Enter a Charge Description.
- Optional: Select a General Ledger Account Code.
- Enter a Long Description.
- Optional: Select the additional Rate Type Options.
- Save.
- Select the Rate Type Access and choose 'Apply'.
- Navigate to the 'Rate Options' tab.
- Enter the Advanced Purchase Rate 'Available + Nights from Today'.
- Save/Exit.
The number entered as the 'Available + Nights from Today' will determine how far in advance the Reservation must be made from the Arrive Date to access this Rate Type.
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Guide
- Add Button
Guide
Go to Charts > Rate Manager in the Side Menu of RMS.
Select the 
'Rates' icon.
Select 'Rate Types'.
Select the 
'Add' icon.
Optional: Enter a Rate Code.
Select a Rate Structure.
Enter a Rate Type Description.
Enter a Charge Description.
Optional: Select a General Ledger Account Code.
Enter a Long Description.
Optional: Select the additional Rate Type Options.
Select the 
'Save' icon to store the changes made.
Select the Rate Type Access and choose 'Apply'.
Navigate to the 'Rate Options' tab.
Enter the Advanced Purchase Rate 'Available + Nights from Today'.
Select the 
'Save/Exit' icon to store the changes made and leave the setup.
This Rate Type will be available for selection in a Rate Lookup when creating Rates.
Setup
Have your System Administrator complete the following.
- Go to Charts > Rate Manager in the Side Menu of RMS.
- Select the 'Rates' icon.
- Select 'Rate Types'.
- Select the 'Add' icon.
- Optional: Enter a Rate Code.
- Select a Rate Structure.
- Enter a Rate Type Description.
- Enter a Charge Description.
- Optional: Select a General Ledger Account Code.
- Enter a Long Description.
- Optional: Select the additional Rate Type Options.
- Save.
- Select the Rate Type Access and choose 'Apply'.
- Navigate to the 'Rate Options' tab.
- Enter the Advanced Purchase Rate 'Available + Nights from Today'.
- Save/Exit.
The number entered as the 'Available + Nights from Today' will determine how far in advance the Reservation must be made from the Arrive Date to access this Rate Type.
-
Guide
- Add Button
Guide
Go to Charts > Rate Manager in the Side Menu of RMS.
Select the 'Rates' icon.
Select 'Rate Types'.
Select the 'Add' icon.
Optional: Enter a Rate Code.
Select a Rate Structure.
Enter a Rate Type Description.
Enter a Charge Description.
Optional: Select a General Ledger Account Code.
Enter a Long Description.
Optional: Select the additional Rate Type Options.
Select the 'Save' icon to store the changes made.
Select the Rate Type Access and choose 'Apply'.
Navigate to the 'Rate Options' tab.
Enter the Advanced Purchase Rate 'Available + Nights from Today'.
Select the 'Save/Exit' icon to store the changes made and leave the setup.
This Rate Type will be available for selection in a Rate Lookup when creating Rates.
