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.

1. Navigate to Charts > Rate Manager.
2. Select the 'Rates' icon.
3. Select Rate Tables.
    
4. Select the 'Add' icon.
    
5. Enter a unique Description.
6. Select a Rate Structure.
7. Choose the 'Nightly' Format.
8. Select 'Night of the Week' for Based On.
9. Enter the Person Base (the number of people included in the rate below).
10. Enter the Nightly Rate Amount.
11. Configure any additional Rate Features (Optional).
12. 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.