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    Last Minute Derived Rate Type

    Setup a Last Minute Derived Rate Type in RMS.


    Steps Required

    Have your System Administrator complete the following:

    1. Go to Charts > Rate Manager in RMS.
    2. Select the 'Rates' menu and choose 'Rate Types'.
    3. Navigate to the 'Derived Rate' tab and select 'Add'.
    4. Select the Derived From (Master Rate).
    5. Enter a Description.
    6. Enter the Rate Charge Description.
    7. Enter the Lead Time for the Last Minute Rate.
    8. Select the required Derived Rate Options.
    9. Navigate to the Adjustment Amounts tab.
    10. Select the Adjustment Type.
    11. Enter the Adjustment Amount and select 'Apply To All'.
    12. Select the Rate Period option.
      1. Select the required Rate Periods.
    13. Save/Exit.
    14. Select the required Rate Type Access and choose 'Apply'.

    Info

    Last Minute Rates are only available within the specified number of days prior to the reservation arrival date (lead time).

    Derived Rates obtain their pricing using the selected Master Rate (Derived From) with the selected Adjustment Type & Adjustment Amount.

    Visual Guide

    Go to Charts > Rate Manager in RMS.

    Select the 'Rates' menu and choose 'Rate Types'.

    Navigate to the 'Derived Rate' tab and select 'Add'.

    Select the Derived From (Master Rate).

    Enter a Description.

    Enter the Rate Charge Description.

    Enter the Lead Time for the Last Minute Rate.

    Select the required Derived Rate Options.

    Navigate to the Adjustment Amounts tab.

    Select the Adjustment Type.

    Enter the Adjustment Amount and select 'Apply To All'.

    Select the Rate Period option and choose the required Rate Periods.

    Select 'Save/Exit' to store the changes made.

    Select the required Rate Type Access and choose 'Apply'.


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