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Configuring Advanced Dynamic Rates

This topic outlines the steps for creating an Advanced Dynamic rate. This procedure is divided into the following parts:

Part 1: Application Settings Configuration

Part 2: Rate Configuration

Part 3: Rate Conversion

Part 1: Application Settings Configuration

  1. In Setup>Application Settings, enable the following property-specific application functions:

    Rates>Advanced Dynamic Base Rates to Y

    Rates>Best Available Rates to Y

    Rates>Dynamic Base Rates to Y

    If the above application settings are set to Y, the property-specific Rates>Convert to Advance Rate function will display under the Rates group in Application Settings. Set this function to Y.

    Set the property-specific Rates>Best Available Rate Type application setting to Best Bar by Day.

  2. Set the property-specific application setting Rates>Compare Rate Location. The available options are RATE_HEADER or RATE_DETAILS. This setting determines the area on the Rate Setup screen where the rate details for the new rate will display.

Part 2: Rate Configuration

  1. Go to Setup>System Configuration>Rate Management>Rate Classifications>Rate Codes, select New and choose the property to create the rate in.
  2. On the Rate Header, complete the details for the rate header information. After this information is completed, select the More tab on the Rate Setup screen.
  3. On the Rate More Tab, complete the below fields:

    Under the Base Rate heading

    Base Rate.

    Select a Base Rate from the LOV.

    Base Amount.

    Enter the Base rate amount that will be added to the Advanced Dynamic rate during the rate calculation. Select either Flat or Percentage for the amount to be added.

    Rounding.

    Select a rounding method. Either None, Up, Down, None, Up - Keep Decimal or Down - Keep Decimal.

    Under the BAR Base Rate heading

    BAR Based.

    Select to use the BAR Base amount in the Advanced Dynamic rate calculation.

    Amount.

    Enter an Amount for the BAR Base rate.

    Rounding.

    Select a rounding method. Either None, Up, Down, None, Up - Keep Decimal or Down - Keep Decimal.

    Compare Rate Detail.

    Select this option to compare the calculated BAR rate amount with the BASE rate amount (after the amounts have been added from the Rate More Tab). The system will compare these two rates and display the lower of the two rates on the Rate Availability screen.
  4. Select Save and return to the Rate Header tab.

Part 3: Rate Conversion

  1. On the Rate Header tab, select the Convert button. This button will enable you to convert the rate into an Advanced Dynamic rate. The following prompt will display: “Do you want to delete all Rate Details?” Select No to this prompt. Next you will be prompted to "Convert to Advance Dynamic."
  2. Select OK to the "Convert to Advance Dynamic" prompt.
  3. On the Convert to Advanced Rate screen, complete the following fields and select OK:

    Convert to Rate.

    (read only) This is the Base rate that will be converted into an Advanced Dynamic Rate. This is the Base rate that was selected on the Rate More tab in Part 2 of the setup.

    Base Amount.

    Enter the Base rate amount that will be added to the Advanced Dynamic rate during the rate calculation.

    Base Type.

    Select the down arrow and choose either Flat or Percentage to apply the Base rate amount as either a flat amount or as a percentage.

    BAR Base Amount.

    Enter the BAR Base rate amount that will be added to the Advanced Dynamic rate during the rate calculation.

    BAR Base Type.

    Select the down arrow and choose either Flat or Percentage to apply the BAR Base amount as either a flat amount or as a percentage.

    Apply BAR.

    Select to use the BAR Base rate amount in the Advanced Dynamic Rate calculation.

    BAR Rounding.

    Select a rounding method for the BAR amount. This can be one of the following: Up, Down, None, Up - Keep Decimal, or Down - Keep Decimal.

    Compare with Rate Details.

    Select this option to compare the Base rate amount with the BAR Based rate amount (as the amounts are configured for the Advanced Dynamic rate calculation on the Rate Detail tab of the Rate Setup screen). The system will conduct a comparison of the two rates (Base rate and BAR rate) and display the lower of the two rates per day during the availability search on the Rate Availability screen. When this option is unselected, the Rate Availability screen will only display the BAR Based rate amount.

See Also

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show_me_icon Creating an Advanced Dynamic Rate