What are derived rates?
Derived rates help you save you time by reducing the need to manually update prices across all your booking channels. They’re useful when managing multiple rate plans, making it more efficient to adjust pricing. For example, you can derive these rate plans from your standard/best available rate (BAR):
Non-refundable - decrease by 10%
Early bird discounts - decrease by 20%
Breakfast included -increase by $20
When you update the price of a linked rate, derived rates will be automatically adjusted. Setting up derived rates at the rate plan level affects all associated room rates, including room rates, channel room rates and direct booking rates.
You can override derived pricing when needed to create a dynamic pricing strategy that maximises revenue across channels while saving time on manual updates.
Set up a derived rate plan
Navigate to Rooms and rates > Rate plans
Click the rate and select Edit
Under Pricing details > Rate setup, use the Derived from drop-down menu to select your base rate
In Adjust daily rates by, choose your adjustment method (Amount or Percentage) Enter your value and select Increase by or Decrease by
Click Save
Understanding derived rate overrides
While derived rates can help automate your pricing strategy, you may need to override them for specific channels or dates.
Common scenarios:
Peak season adjustments: temporarily increase your non-refundable derived rate
Channel specific promotions: override rates for flash sales on your website or online booking channels
Override derived rates
Navigate to Rooms and rates > Rate plans
Click the rate and select Edit
Under Pricing details, click Override rate plan pricing
Enter the new price
Click Save
Set up date specific overrides
Click the rate
Select +Add rate override
Choose your override date range
Select your adjustment method (Amount or Percentage)
Enter your value and select Increase by or Decrease by
Click Save