Master Rates is a tool that allows a property to select a Rate Plan new/existing as a Master, with various Rate Plans linked to STAAH as Child to the Master. When Rates are changed for the Master, the Child Rate Plans are automatically derived based on a formula that has been applied for that particular child rate plan. A Rate Plan is the singular deal on which a room is sold, also known as a Package.
Example: Property has 3 Rate Plans (Room Only, Breakfast and Non Refundable).
-Room Only is Master
-Breakfast and Non Refundable are the Child Rate Plans to the Master (Room Only)
-Breakfast is an additional $50 from the Room Only
-Non Refundable is -10 % of the Room Only
-The above multipliers will be added into the Master Rates module
Rate for Room Only is 100, the system will automatically adjust the rates based on the formulae applied.
Breakfast=150 (Room only + 50)
Non Refundable=90 (Room only – 0.90/10%)
Please contact your local Support team for further assistance.