Last Minute Derived Rate Type

Steps Required

Have your System Administrator complete the following:

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.

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'.