Rate Floor

When the Rates>Rate Floor application parameter is set to Y, the Rate Floor field appears on the Rate Setup screen More tab.

You may use this field to set a minimum rate amount for rate details associated with this rate code. If you attempt to set a rate that is lower than the limit set by the rate floor, a message appears, "The rate amount is lower than the allowed rate floor of <amount>. Rate Detail cannot be saved."

When initially setting the rate floor amount or later changing the rate floor amount on the More tab, you may not specify a rate floor amount that is higher than a rate amount that has already been set for a rate detail belonging to the rate code.

Note: When you are configuring the rate detail for a pseudo room type only, you may set a rate that is lower than the rate floor for the associated rate code.