Setting a Minimum Rate Floor

With the Rate Management > Rate Floor parameter set to Active, the Rate Floor field on the Rate Code Configuration screen lets you set a minimum rate amount for the rate code. If you attempt to set a rate amount for an inventory room type that is lower than the rate floor limit, a message warns that Rate Detail cannot be saved.

• Rate floor evaluation is based on the Rate Floor Level of Control setting.

• Rate Level enables rate floor configuration at the rate code level.

• Room Type Level enables rate floor configuration at the room type level.

When initially setting the rate floor amount, or later changing the rate floor amount, you cannot specify a rate floor amount that is higher than a rate amount already set for a rate detail belonging to the rate code. Note: When configuring the rate detail for a pseudo room type only, you can set a rate lower than the rate floor for the associated rate code.

1. From the Administration menu, select Financial, select Rate Management, and then select Rate Codes.
2. If planning to edit an existing rate code, use the search function and select a rate code for editing. From search results, locate a rate code, click the row level vertical ellipsis, and select Edit.
3. To create a new rate code, click New.
4. On the Rate Code Configuration screen, scroll to the Rate Controls & Distribution panel and click Edit.
5. Enter a Rate Floor amount.
6. Click Save.