Overview

A Rate Table establishes the fee structure for a standalone rate within RMS. The Hourly Rate Table determines the price per hour based on the amount entered. The Loop Back option can be used to revert to the first-hour price once the specified number of hours has passed on the reservation. 

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. 

1. Navigate to Charts > Rate Manager.
2. Select the 'Rates' icon.
3. Choose Rate Tables.

1. Select the 'Add' icon.

1. Enter a unique Description.
2. Select the 'Direct Rate' Structure.
3. Choose the 'Hourly' Format.
4. Enter the Person Base (Optional).
   The number of people included in the rate is below.
5. Enter the Hourly Rate Amounts.

1. Designate an 'After 10 Hours' Price 
   An Hourly Amount for 'After 10 Hours' or a Loop Back must be set to have rates applied beyond 10 hours on a reservation.
2. Enter a Loop Back (Optional).
3. Configure any additional Rate Features (Optional).
   (Min nights, Dynamic Pricing, Additional charges).
4. Select Save/Exit.

Hourly Rate Calculations

Using the Rate Table below, see Rate calculations based on the number of hours booked.

• 1st Hour: $100
• 2nd Hour: $75
• 3rd Hour: $70
• 4th Hour: $65
• 5th Hour: $60
• 6th Hour: $55
• 7th Hour: $50
• 8th Hour: $50
• 9th Hour: $50
• 10th Hour: $50
• After 10 Hours: $45
• Loop Back After 12 Hours