A Child Rate is linked to a 'Parent Rate' for ease of Rate Management. As the Parent Rate increases or decreases on a give day or week(s) the Child Rate automatically does so in proportion. By creating a Child Rate that set as a positive  or negative  percentage (%) to a Parent Rate, one can easily manage rate tiers automatically. This is commonly used for CORP (corporate) and AAA rates, for example, which are always 10% off the RACK (default) rates for a room. Use Child Rates to simplify how many rates you need to create and manage on an ongoing basis.For example, a Child Rate set to discount the Parent Rate by -10%, will automatically take %10 off of the Parent Rate when it changes. See Manage Rates to change you daily rates.
To add a Child Rate, click on Add Child Rate as shown here.
A new screen will open to enter the new Child Rate. Enter the information as shown here.
- Rate I.D.: Add a Rate ID (4 characters, letters only)
- Description: Add a Description for the Rate
- Parent Rate I.D.: Select the Parent Rate to the Child Rate. Click on the magnifying glass icon to see a drop-down list of the available Parent Rates. Click on the Rate to auto fill the field.
- Adjust By (%): Enter a # to indicate the percentage increase or decrease. Enter # without % sign. To add an increase, just enter the number. To enter a discount enter a a minus sign in front of the number, as shown below.
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Click Save to save you workcomplete the Child Rate. Image Removed
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You will now see a display of your Child rate. You may edit the percentage and description only.
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