In this article, we will outline how to setup and maintain rate plans.
How to manage your rate plans
In order to sell your rooms, you must have at least one rate plan.
Step 2. Go to Settings and select Rate Plan Setup
Step 3. Click on +Create, to add new rate plan
Step 4. Fill in all REQUIRED information
Step 5. Click Save
|Internal name:*||The name of your rate plan (this is for your internal use only).|
|External Code ID||This field is for channel manager purposes (leave it blank if not in use).|
|Cancellation policy*||Cancellation policy that will be applied to the rate plan.|
|Auto-extend rates:||To automatically update the rates for future dates|
|Use prices from:||If you would like to link to other rate plan|
|Rate Type*||Selection as Sell / Net rate, This will determine how prices are being calculated on the Rates & Allotment page.|
|Book Dates*||Booking eligible date of rate plan.|
|Stay Dates*||Stay eligible date of the rate plan.|
|Benefits||The guest benefits of this rate plan. Make sure that the benefits are consistent with the selected Offer Type and the Rate Plan name.|
|Sell limit per day:||Limit no of bookings per day|
|Min Days in Advance||The minimum number of booking days in advance for the rates. For example, if you set it as 2, guests can purchase this rate only from the day after tomorrow. Leave blank if rate can be booked at any time.|
|Max Days in Advance||The maximum number of booking days in advance for the rates. For example, if you set it as 5, guests can purchase this rate only until 5 days in advance.|
|Min Length of Stay||The minimum number of stay nights required to book this rate plan. Guests are allowed to book this rate if the number of nights is equal or higher than the Min LOS.|
|Max Length of Stay||The maximum number of stay nights required to book this rate plan. Guests are not allowed to stay more than max LOS.|
|Minimum stay when including Restricted Day||Minimum number of nights which must be booked if the stay includes the marked day.|
|Customer segments||Customer segmentation restriction|
Room Type that will be sold on the rate plan. Click to turn to Green for applicable room type.
If you hover your mouse over the text you will see a short explanation (marked with red frame).
Frequently Asked Questions
Can I set up multiple rate plans?
Absolutely, you can set different rate plans to offer different benefits, time periods, room types etc.
Can I delete a rate plan?
If a rate plan is no longer needed, you can deactivate it. Alternatively, if you have planed the active period of the rate plan, you can set up the time period in YCS too. Then the rate plan will be inactive automatically.
- How can I adjust my price?
- How do I manage my availability?
- What is Occupancy Model Display Setting?