Rate Management Screen - Overview

Modified on: Tue, 9 Apr, 2024 at 1:00 PM


Knowing how important it is for you to have full control over pricing, be flexible and quickly react to changes, we've created tools to make managing your prices as easy as possible. On the Rate Management screen, you'll find everything you need to set up your pricing policy. You can access it by selecting Settings->Rate Plans from the navigation menu.

We have split the main screen in several sections. You can move among the sections while creating, editing or testing the calculation of your rates. The navigation among the sections can be found at the bottom of the screen.

Functional Capabilities

Here is what is at your disposal:

  • The rate creation shouldn't take long hours. With Clock PMS+ it’s not necessary to add rates one by one, we have created a functionality allowing you to enter several rates at once. This way you can easily add all the rates from one rate plan in a single step. If a given rate attribute  (e.g. the charge template) is the same for all new rates, it is not necessary to complete it for each individual rate. In a click, the system can fill it in for you for all new rates. See how you can create your rates.
  • To better manage the rates you create you need to first load them on the respective operating screen. Learn how the rate search works.
  • The management of seasonal prices is in a separate section. The Seasons feature allows you to define prices, restrictions, guest offsets and guest levels which to be applied to a certain period of time. See how to manage the seasonal prices.
  • Last but not least, we have also provided a tool for those of you who often change their prices on a daily basis. In a separate section, you will find the calendar of daily prices. The calendar of daily prices is very compact and handy with its multiple options to quickly edit prices, restrictions and other parameters for each individual day. Learn how to manage your daily prices.
  • Other
    • To make the pricing configuration easier, we have created the Testing section. Here you can test the calculation of end prices for multiple rates and different combinations of adults and children. The system will list the prices for all selected rates and guest combinations, so you can quickly and easily check if you have configured them correctly.
    • There is also a bulk rate update section. Using this feature you can update all rates having identical parameters in only a few clicks.

See how to use the testing and mass update features.

You can also check out the rest of the articles of the 'Rate Management' group to learn everything you need to successfully manage your prices.

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