Let's clarify this concept that often makes our customers feel confused:

👉 What's a Rate (rate plan)?
it is the price decided on the basis of specific characteristics of a room type.

In fact, you can have different rate plans related to a single room type: that is to say derived rates, based on a standard rate, according to specific criteria (Derivation Rules).

Let's have a look at this example👇

For this typology - Double we have 4 rates (in order)

  • the first one is the basic rate, the STANDARD
  • the SINGLE USE  rate of the Double Room 
  • the single use NON REFUNDABLE
  • the double standard NON REFUNDABLE

For this typology - Triple we have 2 rates (in order)

  • the first one is the basic rate, the STANDARD
  • the triple standard NON REFUNDABLE 

We therefore have 6 rate plans, in total.
However, real rooms are  only 3, divided in two typologies.

❗In order to close a rate to sell:
    🔻 Activate the Stop Sales on the rate in question!  
          In order to do so, the Stop Sale box must be unticked, when
          setting up the Derivation Rules.

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What is Room?
Click here!
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You might need as well:
How to create a derived rate
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Do you have any questions?
Email us at tech@octorate.com !
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Talk to you soon!
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