Use the Rate Manager in RMS to easily view, adjust, and update your rates in real time. Keeping rates up to date helps maximize revenue and minimize pricing errors.

Overview

Keeping your rates up to date is essential for accurate bookings and revenue management.
As time progresses, new dates continuously become available for reservations, and rate adjustments may be necessary to reflect seasonal changes or market demand.

To ensure availability for future bookings, you'll need to create a new Rate Lookup for the upcoming date range.

If you're using Derived Rates, these will update automatically whenever the associated Master Rate is modified—saving you time and maintaining pricing consistency across rate types.

New Rate Period

In the side menu of RMS, go to Charts > Rate Manager.    

1. Navigate to the Rates icon.
2. Select Rate Periods.
   
    
3. Choose the Add icon.
   
    
4. Input a unique Rate Period Description.
5. Select a Date Range.
   Select a Colour (Optional).
   Select a Min Res Period (Optional).
   Select a Cancellation Policy (Optional).
   Select No Discount Allowed (Optional).
6. Click Save/Exit.
   

Copy Rate Table

Copying an existing rate table saves time, ensures consistency, reduces errors, and preserves complex configurations—making it easier to set up new rates based on an existing rate table.

In the side menu of RMS, go to Charts > Rate Manager.    

1. Navigate to the Rates icon.
2. Select Rate Table.
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3. Select an existing Rate Table.
4. Click the Copy icon.
   
    
5. Enter a new, unique Rate Table Description.
6. Select Copy/Exit.
   

Edit Rate Table

In the side menu of RMS, go to Charts > Rate Manager.    

1. Navigate to the Rates icon.
2. Select Rate Tables.
   
    
3. Select an existing Rate Table.
4. Click the Edit icon.
   
    
5. Enter the new Rate Amounts.
6. Select Save/Exit.
   

New Rate Lookup

In the side menu of RMS, go to Charts > Rate Manager.    

1. Navigate to the Rates icon.
2. Select Rate Lookup.
   
    
3. Choose Add.
   
    
4. Select the Rate Structure.
5. Choose a Rate Type.
6. Pick a Category.
7. Select the Rate Table.
8. Select the Rate Period.
9. Click Save/Next or Save/Exit to complete the lookup.