Updating reservation rates

Use the Reservation Rate Update pop-up to automatically re-quote the room rate for one or more reservations that you select. Before you can update the resrvation rates, you must specify Enabled in the Reservation Re-Quote field for the desired user group.

To update the reservation rates:

  1. Select Rate and Sales > Pricing > Room Rates.
  2. Click the Update Resv Rates option to re-quote the rates based on the current rate setup for all confirmed and non-group reservations that have this rate plan, This option is available only if the user has permission for reservation re-quote. This option is not available if one or more of the following conditions exist:
    • Rate code is a derivative rate.
    • Rate code is inactive.
    • Revenue Management is set to 2 or 3 and rate code is Yieldable.
    • Revenue Management is set to 1 and rate code is set to adjustment to bar.
    The Reservation Rate Update Process Details section displays the messages for the reservations for which the rate update has failed.
  3. Specify this information.
    Include Reservations with Overridden Rate
    Select this check box to include reservations for which the rates are overridden.
    Retain Overall Package Rate
    If this check box is selected, it means the rate plan is a package and the package is configured as Price includes Package Items and you want to retain the overall package rate. For example, if a reservation has $750 rate and $500 room charge prior to this process that indicates that $250 are going to the package item revenue. If, during this process, the package item price is now determined to be $350 and you want to retain the overall $750 rate, then the room charge has to be adjusted to $400 from the original $500. This keeps the total package price the same as before but fluctuates the room rate down to compensate for the increase in package item value. This also works the other way round if the package item prices goes down for some reason. Then the room charge is increased to keep the package rate the same.
    Allow Non-Room Item Overbooking
    If this check box is selected, the non-room item inventory can be overbooked to negative by the reservation.
    Include Reservations with Promotion
    If this check box is selected, all the reservations with promotion are displayed by the system. If this check box is clear, all the reservations without promotion are displayed by the system.
  4. Click Submit to update the rates on the selected reservations.
    Note: When you modify the Rate plan using the Update Resv Rates option, the resort fee value is also updated.