DAILY RATES Application Setting

Group.  Rates

Type.  Function

Application.  PMS                      ORS (Property)

Description.  Activate Daily Rates Functionality.

Property Determination. Activation allows for a convenient way for properties to respond to the ever- changing supply and demand for rooms and rates. Users can change the rate for a room type on a daily basis. This will allow property and/or CRO rates managers to work with rates on a more detailed level and raise or lower prices on the fly. Whether or not a yield management system is used, rates can be managed according to the property's daily needs. This feature allows properties to have a number of rates designated as "daily" rates for a number of rooms. Daily rates coexist with other "date range" rate codes at a property as long as they have different rate codes. Daily Rates functionality is available for both PMS and ORS.

A maximum of 10 active daily rate codes can be configured for a property. A Daily Rate rate code is active up to its End Sell Date and after the End Sell Date is exceeded, the Daily Rate rate code is inactive.

Activation / Inactivation Rules.

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Available Values.

Y (Yes) N (No)

Add On Licenses/Country Specifics.

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Other Application Settings.

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Affected Areas

Menus / Screens / Fields.

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Reports & Report Forms.

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Permissions.

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Other Areas.

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