Category:Prices

The system has two types of prices:

• Daily Prices
• Rates

Which type you use depends on your pricing structure:

1 Daily Prices

Daily Prices are prices for one date. Up to four prices per date can be defined for example for different occupancies.

Daily Prices can be used:

• if you want to to fine tune prices on a daily basis
• if you do not use Last Minute or Early Bird pricing

2 Rates

Rates have a start and end date so they apply to a range of dates. Rates contain many rules about the conditions which must apply to make them available. Multiple rates can be used to create complex pricing structures. If multiple rates are available for the same dates the rules of each rate will determine which rate is offered.

Rates can be used:

• for different weekend/weekday prices
• for prices for extra guests or extra children apply
• if you require a the guest to book more than one day before Check-in
• if you want a price to be available only certain days in advance (e.g. Last Minute or Early Bird)
• if you want to allow guest to enquire if no price can be found but the room is not fully booked
• for special pricing for channel management

The Rate Wizard guides you through the setup of common rate types.

3 Combination on Daily Prices and Rates

It is not necessary to use both daily prices and rates but a combination of daily prices and rates can be used to fine tune pricing structures.

• For example Daily Prices can be used to override the price and conditions of a rate for individual dates.
• The booking rules for your rates and daily prices will determine which daily price or rate will be used.