A Child Rate is a rate plan that is setup under a Parent Rate Plan and "linked" to the Rate of the Parent Rate Plans. Any Child Rate can be allocated to your front desk or website in Agent Allocations. Child Rates are typically used to give automatic discounts for special rates like AAA or to increase rates to individual channels like OTA or Agents. By creating a Child Rate with a positive  or negative  percentage (%) linked to a Parent Rate, you can easily manage rate tiers automatically. Child Rates are typically used to give automatic discounts for special rates like AAA or to increase rates to individual channels like OTA or Agents. Child Rates are given a percentage increase or decrease which is automatically calculated from the Parent Rate Plan. Restrictions are unique to each Child Rate and can be managed individually using Manage Restrictions. The Child Rate will always calculate the 10% discount from the Rack Rate set for that day.The Child Rate will always calculate the 10% discount from the Rack Rate set for that datedate, but can the restrictions can be different from the Parent Rate Plan. For Example, a rack rate for the QUEEN Sunday-Wednesday is $100 and the AAA Rate is 10% discount at $90. The Rack Rate Thursday-Sunday is $150, so the AAA Rate for those days will be $120. See Manage Rates to change your daily rates. |