Configuring Advanced Daily Rates

Prerequisites for Advanced Daily Rates.

An Advanced Daily Rate behaves like a regular Daily Rate except that the pricing schedule is derived from the Daily Base Rate. Reservations made for an Advanced Daily Rate have rate amounts that can vary for each night of the stay. Rate amounts are calculated based on the Daily Rate level available for each stay night.

The Advanced Daily Rate configuration process:

• Configure an Advanced Daily Base Rate: These are the rate templates, and changes to the Advanced Daily Base rate are reflected in the Advanced Daily Rate codes. Each Advanced Daily Base rate configured is a separate rate level. Using the Advanced Daily Base rates, you can configure as many rate levels as needed. When the Advanced Daily Rate is configured, it references the Advanced Daily Base rate levels as its base rates.

• Configure an Advanced Daily Rate: When you select the Advanced Daily Rate, Rate Detail tab, the Daily Rate entry screen appears. On the Daily Rate Entry screen, you can set up the rate details for the rate code by selecting a date range and applying an Advanced Daily Base rate code (level) for each date.

  Up to 20 rate codes can be designated as 'Advanced Daily Rates'. The "Advanced Daily Rates" rate type checkbox gets disabled once 20 rate codes have been configured.

Adding Advanced Daily Base Rate (Rate Level)

You must create multiple Advanced Daily Base rate codes to set the rate levels by using the Configuring Rate Codes presentation page.

1. From the Administration menu, select Financial, select Rate Management, and then select Rate Codes.

2. Search and select a rate code or create a new rate code.

3. From the rate code Rate Code Details, click Rate Code Type.

4. To identify the rate code as Advanced Daily Base rate, select the Advanced Daily Base check box.

5. Click Save.

6. Configure the pricing schedule based on the Configuring Daily Rates Pricing Schedule .

Adding Advanced (Derived) Daily Rate

Create Advanced Daily Base rate codes from the new Configuring Rate Codes presentation page.

1. From the Administration menu, select Financial, select Rate Management, and then select Rate Codes.

2. Click New.

3. Enter a Rate Code, enter Start Sell Dates and End Sell Dates, and enter a description of the rate code.

4. Select Room Types from the list.

5. Select a Rate Category from the list.

6. Select a Transaction Code.

7. In the Rate Code Type panel, select Daily Rates and Advanced Daily Rate.

8. Click Save and Go to Presentation.

Set Pricing Schedule

1. Select Pricing Schedules link to navigate to or open the Pricing Schedule panel

2. Enter search criteria to view pricing schedule for enter Start Date, End Date, Room Class and/or room type, click Search.

Set Daily Rates by Date Range. You can set rates for a range up to 365 days in one update process.

1. Apply From: Enter or select the start date for the pricing update.

2. Apply To: Enter or select the end date for the pricing update

3. Room Types: Select the room types to which the daily rate pricing are to apply.

4. Rate Level: Select an Advanced Daily Base Rate from the list for each date.

   Note:

   Leaving the Rate Level field blank clears the rate for the selected room types and date range.

5. Days of Week. Select the days of the week (Sunday, Monday, Tuesday, etc.) to which the daily rate are to be applied (within the defined date range).

6. Click Apply Rate Changes.

7. Set Daily Rates by Inline Edit (Table). Thirty-one dates are listed vertically per page.

   1. Rate Level. Select an Advanced Daily Base Rate from the list.

   2. Clear Rates. Select the check box to clear the rates for the room types displayed in search result.

8. Click Apply Rate Changes.