Overview
A Rate Table defines the fee structure for a standalone rate and the calculation point for adjustments applied to a Derived Rate in RMS. The Nightly Rate Table, based on the Night of the Week, determines the pricing for a reservation according to the specific day of the week.
Length-of-stay restrictions, additional guest fees, Dynamic Pricing rules, and package components can all be integrated into a Rate Table, with many of these elements configurable across multiple layers of rate components.
⚠ Important: Selecting a Cancellation Policy or setting a Minimum Reservation Period within the Rate Table will override any settings defined at the Rate Type or Rate Period level.
✎ Please Note: RMS is highly configurable. Some Terminology, User Access & Permissions, Images, Labels, and Functions used in these articles may differ from your setup. CLICK HERE to find out more.
Configuration
A Rate Type and Rate Table can only be linked in a Rate Lookup if they are set up within the same rate structure.
⚠ Important: The Nightly Rate Table, based on the Night of the Week, can be created under either the OTA or Direct rate structure.
- Navigate to Charts > Rate Manager.
- Select the 'Rates' icon.
- Select Rate Tables.
- Select the 'Add' icon.
- Enter a unique Description.
- Select a Rate Structure.
- Choose the 'Nightly' Format.
- Select 'Night of the Week' for Based On.
- Enter the Person Base (the number of people included in the rate below).
- Enter the Nightly Rate Amount.
- Configure any additional Rate Features (Optional).
- Select Save/Exit.
⚠ Important: Creating a rate table does not make the rate bookable. To activate the rate, the Rate Table must be linked within the Rate Lookup or through the New Rate Wizard.
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