In the Setup Wizard, you entered Rate Plans with default rates.
Now, you may want to make adjustments to those rates for seasonal discounts, peak periods, long weekends, special events, holidays, weekly rates, etc., and/or apply Min LOS or close some days to arrival.
You may also want to create additional Rate Plans such as, promotional or special rates.
In MyPMS, managing rates is done under the Rates Tab in the Setup area. To access Setup, click the Setup link in the top, right hand corner of MyPMS. There are several ways to manage rates depending on the number of rate plans you have and the frequency of rate change.
To get started watch the short Introduction video and follow the step-by-step instructions below.
Watch this short introduction to Managing Rates in MyPMS, then follow the step-by-step instructions below.
Rate Plans are setup in Default Rates and assigned default Rates and Restrictions. Any changes made to these rates for future dates must be done using Manage Single Rate Plan and/or Rate Grid - Daily Rate Change. If you want to change multiple rates at the same time using a % or $ adjustment, you would use Manage Multiple Rate Plans.
Restrictions, Extra charges and No. of Guests are unique to each Rate Plan and must be adjusted individually using Manage Single Rate Plan
There are three areas in Setup for Managing Rates:
Each Rate Plan is assigned it's own Rates and Restrictions and is managed with Manage Single Rate Plan unless selected for a multiple rate change. If you want to change multiple rates at the same time using a % or $ adjustment. See Manage Multiple Rate Plans
Restrictions and No. of Guests are unique to each Rate Plan and must be adjusted individually.Therefore,when changing those items, you must make the changes to each of the Rate Plans you need to adjust in Manage Single Rate Plan
Choosing a Rate Plan: From the drop-down menu, choose the Rate Plan that you want to manage. If you have created Rate Groups, then the rates in that group will display together with a header. if you want to change rates for another Rate Plan during the same date range selected, then just go to the "Choose Rate" drop-down menu and click "Update Rates". The screen will change to display the selected Rate Plan which is shown in the blue box at the bottom of the grid. If you are updating multiple rates, then select all of the rate plans you want to update.
Choosing a Date Range: Choosing the correct date range is a very important part of managing rates.You can select any date range from one day, weekend, week or month to several years in the future.Changing rates is done in a seven day calendar view starting on the day of week corresponding to the "Begin on" calendar date chosen. For example, if you choose Oct. 1 - Oct. 30 and Oct. 1 lands on a Saturday, then the first day of the week displayed is Saturday.Although the date range selected is one month, the calendar will always display a seven day weekly view. This means that when you change a rate on the Friday night, it will change the rates for ALL Fridays from Oct. 1-Oct.30. The rate changes you make will apply to ALL rates in the selected date range. If you are changing rates for a long date range like two years, then remember that it will over ride any short term changes made to specific time periods within the date range. For example, there are special rates entered for 4th of July weekend. The date range selected is through Dec. 2018. Any changes made through Dec. 2018 would override the the special rates and you will need to go the 4th of July weekend to reenter the rates.
Manage Single Rate Screen