What Is the Difference Between Master Rate and Rate Plans?

What Is the Difference Between Master Rate and Rate Plans?

Master Rates is a tool that allows a property to select a Rate Plan new/existing as a Master, with various Rate Plans linked to STAAH as Child to the Master. When Rates are changed for the Master, the Child Rate Plans are automatically derived based on a formula that has been applied for that particular child rate plan.

A Rate Plan is the singular deal on which a room is sold, also known as a Package.
 
Example: Property has 3 Rate Plans (Room Only, Breakfast and Non Refundable).
  1. Room Only is Master 
  2. Breakfast and Non Refundable are the Child Rate Plans to the Master (Room Only)
  3. Breakfast is an additional $50 from the Room Only
  4. Non Refundable is -10 % of the Room Only
  5. The above multipliers will be added into the Master Rates module
Rate for Room Only is 100, the system will automatically adjust the rates based on the formulae applied.
  1. Room Only=100
  2. Breakfast=150 (Room only + 50)
  3. Non Refundable=90 (Room only – 0.90/10%) 
Please contact your local Support team for further assistance.


    • Related Articles

    • How do I delete a Master Rate?

      Please note that deleting a Master Rate will impact all Child rates linked to the master. Please be sure that this is what you want to do. To remove the Master-Child setting for any rate plan go to STAAH > RATES > Master Rates > Setup. This will ...
    • Master Rates - Derived & Child Rates By Formula

      MASTER RATE SETUP is a feature of the STAAH Channel Manager. This feature allows you to select any Rate Plan as a Master Deal and any Rate Plan as a Child rate plan to derive rates from the Master by Formula. This makes it easy for the property to ...
    • How Do I Delete Rate Plans?

      To delete a Rate Plan in STAAH this will require a STAAH admin password. Please contact your local support team, they will be able to assist you with this.
    • Changing Extra Person Rate

      Looking for how to set or update an Extra Person Rate on the Booking Engine? An extra person may be an adult or child.  Extra guest rate is setup in STAAH and found in the Rate Plan tab (Setup > Rate Plan).  All Rate Plans in STAAH will be listed ...
    • What Is a Rate Plan?

      A Rate Plan is the Deal on which a Room is sold. For example, a Superior Room may be sold on a Room Only Deal OR on a Bed and Breakfast Deal. The Room type is ‘SUPERIOR’, however the booker has 2 options of deals. These are 2 different Rate Plans on ...