Title - This will be the name of the rate plan
Property: Which property you are creating it for (Usually this is filled in for you)
Room Type: Which room type you will create it for (Also usually filled for you)
Manual rate plan is normal rate plan where you manage the price and restrictions yourself.
Derived is where the price or restrictions can be taken from a different rate plan.
Currency: This will be taken as default from the property setting, but you can change this so you have a rate plan in a different currency
Sell Mode: "Per Room" will make a rate plan for the maximum occupancy and "Per Person" will make a rate per person
Rate: This is the default rate for all future dates
Show Advanced Settings - Click on this to show set default settings for the restrictions
You can set defaults for the restrictions here
Min Stay Arrival - Check the bookings length of stay based only on the arrival date
Min Stay Through - Checks the booking length for each night of the booking
Closed To Arrival - If checked then you cannot arrive on that day
Closed to Departure - If checked then you cannot depart on that day
Stop Sell - Rate is not available to sell on that day
This is advanced options that will affect the availability of the rate plan, it is for specific uses for tech savvy users.
Max Sell - When rooms sold equals the number set here it will stop sell the rate plan.
Max Availability - Whatever is set here means the if the availability is higher than the number set it will be reduced to the max availability.
Availability Offset - This applies a negative amount to your availability for this rate plan
Cancellation Policy - You can choose a cancellation policy or create a new one.
Tax - It will use your properties default tax or you can choose a different tax if the rate requires it.
When you choose derived you will have an option to choose the parent room type where you will take the information from.
Typically you would derive from a rate plan from the same room type but we are flexible and you can choose a rate plan from other room types if needed.
Once you have selected a parent room type you can choose what to derive. You can leave all checked which means you will take all of the details or uncheck some things to set manually.
Once you have selected what to derive you can set the rate modifier to change the price according to your formula
You can choose per room or per person.
Increase By Amount - You will add an amount to the daily rate
Decrease By Amount - You will less an amount to the daily rate
Increase By Percent - You can increase the daily price by a percentage
Decrease By Percent - You can decrease the daily price by a percentage
You can add more rules by clicking this button
Derived - This allows you to set rules for each occupancy, it is the most flexible option
Auto - This is a simpler option where you set the rule and it applies to each person.
Cascade - This is useful to create a derived rate from a per person rate
Primary Occupancy - You will choose the occupancy to begin the calculation
Rate Logic - This will apply the calculation to the primary occupancy
Rate Logic for x Person - You can set the rules for the other occupancies
You can set child and infant fees also here.
For Auto it simplifies setup for larger rooms which have an easy price settings. Example if its a 8 bed room and just +10 per person.
You will select the default occupancy and just enter the options for how much less or more per occupancy difference.
This option is to simplify making a derived per person rate if you already have a per person rate.
Example: You have a per person rate for breakfast and want a "No Breakfast" derived rate and its just -10 per person.