Rates determine the price per night, minimum nights stay & if a unit type is bookable or not.
Rates are configured via Admin > Rate Plans
Rate Plans consist of Rates & Rate Segments and you typically build your rates based on the unit types and minimum length of stay. The diagram below shows a rate plan called "Standard Rates" with 3 rates underneath for 1 Bed apartments 1-7 nights, 1 Bed apartments 7-28 nights & 2 Bed apartments for 1-7 nights. The table below shows what Rates for a Building may look like.
Creating a Rate Plan
1 - On the main menu, hover over the 'Admin' icon and click on 'Rate Plans'
2 - Click on 'Add Rate Plan'
3 - Enter the details for the rate plan as prompted
4 - Booking terms are the terms and conditions that will appear for a booking under this rate plan. Select one (you must have already set them up).
5 - The VAT profile is the VAT that the rate plan will use. Select one.
6 - If you want the rate plan to apply to a specific company/ies, then click 'Select Companies'.
7 - You can then select the companies you wish for the plan to apply to.
8 - Once you're done, click 'Save Rate Plan'.
1 - Open a rate plan and click 'Edit Rate Plan'.
2 - Click on the 'Rates' tab.
3 - Click 'Add New Rate'.
4 - Enter a name and a short name for the rate.
5 - Select from the drop down list a Daily, Weekly or Monthly rate. Daily is a nightly rate of i.e. £125 per night, Weekly would be £500 per week & Monthly would be £1500 per Month. We recommend using Daily rates to get started with as it gives you the most flexibility.
6 - Select a start and end date for the rate.This allows you to have rates for specific periods.
7 - Click 'Select Unit Types' to select the unit types you wish this rate to apply to.
8 - Click 'Next' to move onto the rate segments.
9 - Here you can configure your rate by whichever Rate Type you selected. In this case, Daily was selected, so the rate can be altered for each day.
10 - Whilst you can edit the rate by day, week or month, it is probably more convenient to use the 'Bulk Edit' function at the bottom of the screen.
11 - Select the dates you wish to edit.
12 - You can then edit the Amount, Minimum Stay and whether the unit type is Bookable for the dates you've selected.
13 - Then Click 'Apply Bulk Update'.
14 -The Rate will be updated for the dates you've selected.
15 - Now click 'Finish'.