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    Derived Rate Type

    Setup a Derived Rate Type in RMS.

    Decision Tree

    Derived Rates determine their pricing using an adjustment amount set against the selected Master Rate Type.

    • Information
    • Setup
    • Add Button

    Information

    Derived Rates determine their pricing using an adjustment amount set against the selected Master Rate Type.

    Using a preset Adjustment Amount the Derived Rate will calculate it's price of the selected Master Rate Type.

    Derived Rates can use the Rate Periods setup against the Master Rate Type or be setup with their own independent Rate Periods.

    Users with the Security Profile option 'Rate Type Property Level' will only be able to setup the Adjustment Amount for a property included in their Security Profile.

    Control Panel Restrictions will only apply to the Derived Rate if the Derived Rate is selected as an applicable Rate Type. Derived Rates do not inherit any restrictions applied to the Master Rate Type.

    The following Derived Rate Type Options are available or inherited from the selected Master Rate Type:

    Derived Rate Type Option Description Derived from Master Rate Derived Rate Setup
    Additionals Pricing used for Guests above the included in Person Base.
    Advanced Purchase Determines the lead time for how far in advance of the selected Arrive Date this Derived Rate Type will become available.
    Booking Source The selected Booking Source will be populated on any reservation using this Derived Rate Type.
    Cancellation Policy Determines the cancellation rules to display on the RMS Internet Booking Engine when this Derived Rate Type is booked.
    The selected Cancellation Policy will be populated on any reservation using this Derived Rate Type.
    Colour The selected colour will be used to represent any reservations with this Derived Rate Type selected on the Booking Chart when using the Colour View 'Rate Type'.
    Contracted Rate Derived Rate Types selected as a Contracted Rate will be used to determine the availability of the rate when using the option 'Use Company or Travel Agent Rates'.
    Do Not Allow Base Rate to Be Overridden Prevents all users from manually overriding the Base Rate on a reservation with this Derived Rate Type selected.
    Do Not Include Additionals in Adjustment Derived Rates will include any Additionals Rates from the Master Rate (Derived From) when calculating the Rate Amount unless this option is selected.
    Do Not Include Packages in Adjustment Derived Rates will include any Packages setup on the Master Rate (Derived From) when calculating the Rate Amount unless this option is selected.
    Do Not Use as Promo Code This option prevents using the Rate Type Description as a Promo Code on the RMS Internet Booking Engine to access booking the rate when it is not publicly advertised.
    Dynamic Pricing Adjustments Dynamic Pricing automates rate adjustments based on predefined sets of rules.
    Derived Rates will include Dynamic Pricing Adjustments on the Master Rate (Derived From) when calculating the rate amount and can be setup on the Derived Rate.

     
    Exclude Derived Master Rate Packages Packages setup on the Master Rate (Derived From) will be included on the Derived Rate Type unless this option is selected.
    General Ledger Account Code Revenue for the Derived Rate Type will be reported against the General Ledger Account Code of the Category on the reservation unless a separate General Ledger Account Code is selected on the Derived Rate Type setup.
    Grouping Rate Type Groupings can be used on reports to view data on a collection of Rate Types as well as determine what rates are included as Complimentary & House Use Rate Types on the Night Audit Report.
    Last Minute Determines the lead time for how close to the selected Arrive Date this Derived Rate Type will become available.
    Length of Stay Restrictions Derived Rate Types will use any Length of Stay Restrictions setup on the Master Rate Type (Derived From) unless the option 'Set New Min/Max Nights' is selected on the Derived Rate Type.
    Market Segment The selected Market Segment and Sub Market Segment will be populated on any reservation where this Derived Rate Type is selected.
    Meal Plan The selected Meal Plan will be populated on any reservation where this Derived Rate Type is selected.
    No Discount Allowed Prevents any Discount being selected on the reservation to reduce the price of this Derived Rate Type.
    Only Available to Members Membership Rates can only be used when a valid Membership profile has been selected for the Guest Profile on the reservation or Membership Number entered on the RMS Internet Booking Engine.
    Packages Packages setup on the Master Rate (Derived From) will be included on the Derived Rate Type unless the Derived Rate Type option 'Exclude Master Rate Packages' is selected.
    Rate Periods The availability of the Derived Rate can be based on the Master Rate's (Derived From) Rate Periods or with independent Rate Period setup.
    Round to Nearest Dollar Calculated Rate Amounts for this Derived Rate Type will round to the nearest whole dollar value to remove any decimal places.
    Set New Min/Max Nights Derived Rate Types will use any Length of Stay Restrictions setup on the Master Rate (Derived From) unless this option is selected.
    This option enables setting stand alone Length of Stay Restrictions for this Derived Rate Type.
    Show Availability as Ticks for RMS Online The RMS Internet Booking Engine will display a tick when this Derived Rate Type is available on the Rate Grid in place of the Rate Amount.



    Users will require Security Profile access to use this feature.



    • Setup
    • Add Button

    Setup

    Have your System Administrator complete the following.

    1. Go to Charts > Rate Manager in RMS.
    2. Select the 'Rates' icon.
    3. Select 'Rate Types'.
    4. Navigate to the 'Derived Rate' tab.
    5. Select 'Add'.
    6. Select the 'Derived From' Rate Type (Master Rate).
    7. Optional: Enter a Rate Code.
    8. Enter a Rate Type Description.
    9. Enter a Rate Charge Description.
    10. Optional: Enter a Long Description.
    11. Optional: Select a Rate Grouping.
    12. Select & Enter Derived Rate Type Options.
    13. Save.
    14. Select the Derived Rate Type Access and choose 'Apply'.
    15. Navigate to the 'Adjustment Amount' tab.
    16. Select an Adjustment Type.
    17. Enter the Adjustment Amount and select 'Apply to All'.
    18. Select the Rate Period.
    19. Save/Exit.



    Refer to the 'Information' section of this article for details on the available Derived Rate Type Options at Step 12.

    Step 16 & 17 will apply the selected Adjustment Type and entered Adjustment Amount to all listed Categories. 

    To selectively setup Category Adjustments select the Adjustment Type and enter the Adjustment Amount on each Category row instead.

    Selecting 'Use Existing Periods' at Step 18 will require selecting the checkbox for the applicable Rate Periods.



    • Guide
    • Add Button

    Guide

    Go to Charts > Rate Manager in RMS.

    Select the  'Rates' icon.

    Select 'Rate Types'.

    Navigate to the 'Derived Rate' tab.

    Select 'Add'.

    Select the 'Derived From' Rate Type (Master Rate).

    Optional: Enter a Rate Code.

    Enter a Rate Type Description.

    Enter a Rate Charge Description.

    Optional: Enter a Long Description.

    Optional: Select a Rate Grouping.

    Select & Enter Derived Rate Type Options.

    Select 'Save' to store the changes made.

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

    Navigate to the 'Adjustment Amount' tab.

    Select an Adjustment Type.

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

    Select the Rate Period.

    Select 'Save/Exit' to store the changes made and leave the Derived Rate Type setup.

    This Derived Rate Type will determine its pricing from the selected Master Rate Type (Derived From) and be available for the selected Rate Periods.

    Setup

    Have your System Administrator complete the following.

    1. Go to Charts > Rate Manager in RMS.
    2. Select the 'Rates' icon.
    3. Select 'Rate Types'.
    4. Navigate to the 'Derived Rate' tab.
    5. Select 'Add'.
    6. Select the 'Derived From' Rate Type (Master Rate).
    7. Optional: Enter a Rate Code.
    8. Enter a Rate Type Description.
    9. Enter a Rate Charge Description.
    10. Optional: Enter a Long Description.
    11. Optional: Select a Rate Grouping.
    12. Select & Enter Derived Rate Type Options.
    13. Save.
    14. Select the Derived Rate Type Access and choose 'Apply'.
    15. Navigate to the 'Adjustment Amount' tab.
    16. Select an Adjustment Type.
    17. Enter the Adjustment Amount and select 'Apply to All'.
    18. Select the Rate Period.
    19. Save/Exit.



    Refer to the 'Information' section of this article for details on the available Derived Rate Type Options at Step 12.

    Step 16 & 17 will apply the selected Adjustment Type and entered Adjustment Amount to all listed Categories. 

    To selectively setup Category Adjustments select the Adjustment Type and enter the Adjustment Amount on each Category row instead.

    Selecting 'Use Existing Periods' at Step 18 will require selecting the checkbox for the applicable Rate Periods.



    • Guide
    • Add Button

    Guide

    Go to Charts > Rate Manager in RMS.

    Select the  'Rates' icon.

    Select 'Rate Types'.

    Navigate to the 'Derived Rate' tab.

    Select 'Add'.

    Select the 'Derived From' Rate Type (Master Rate).

    Optional: Enter a Rate Code.

    Enter a Rate Type Description.

    Enter a Rate Charge Description.

    Optional: Enter a Long Description.

    Optional: Select a Rate Grouping.

    Select & Enter Derived Rate Type Options.

    Select 'Save' to store the changes made.

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

    Navigate to the 'Adjustment Amount' tab.

    Select an Adjustment Type.

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

    Select the Rate Period.

    Select 'Save/Exit' to store the changes made and leave the Derived Rate Type setup.

    This Derived Rate Type will determine its pricing from the selected Master Rate Type (Derived From) and be available for the selected Rate Periods.


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