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 Per Night, determines the pricing for each reservation date according to the specific night of the reservation. The prices set will be applied sequentially from the first to the last night of the reservation, regardless of the day of the week.
Length-of-stay restrictions, additional guest fees, Dynamic Pricing rules, and package components can all be included in a Rate Table, with many of these elements configurable across multiple layers of rate components. The Rate Hierarchy governs which validation criteria and rate rules apply when multiple rate layers are used in a reservation.
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. 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.
- Navigate to Charts > Rate Manager.
- Select the 'Rates' icon.
- Select Rate Tables.
- Select 'Add'.
- Enter a unique Description.
- Select the 'Direct Rate' Structure.
- Choose the 'Nightly' Format.
- Select 'Per Night' for Based On.
- Enter the Person Base (the number of people included in the rate below).
- Enter the Rate Amounts.
- Enter a Loop Back (Optional).
- Configure any additional Rate Features (Optional).
- Select Save/Exit.
Per Night Rate Calculations
Based on the Rate Table below, a reservation for four nights would incur the following charges:
- First Night (Arrival Night): $820
- Second Night: $775
- Third Night: $750
- Fourth Night: $725
Total Rate: $3,070
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