This feature allows different discount types to be set at the brand level in Brand Rate Plans and seamlessly applied to properties.
- Navigate to Brand Controls > Brand Rate Plan and click Add New Rate Plan
- Fill in all the required fields.
- In the Rate Plan Association section, enable the option Derive rates off of a Rate Plan and select a rate from the dropdown list
The rates in the dropdown list are sourced from the rates list under Brand Controls > Brand Rate Plans.
- Click Add Formula
- Select the date range the formula will be applied to. If not selected, it will default to one day.
- Select All or at least one day of the week
- Choose an adjustment Type
- Enter the adjustment amount with a (-) for a discount value
- Enter a Floor and Ceiling amount if applicable, and validate the formula
- If a formula is locked, it can be used for only one formula-based rate
- If overwriting is allowed, the same formula can be applied to multiple formula-based rates
Add more formulas as needed and save your changes.
Formula Based Pricing can be applied to existing Brand Rate Plans by following the same steps.
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