How do I add a new Linked/Derived Rate in NebulaCRS?

A Derived Rate is a rate that can be set up to allow hotel managers and revenue managers to “batch” update rates rather than having to adjust them individually.

Derived rates calculate their prices by adding or subtracting amounts or percentage to or from a Base Rate.

1. How to Add a new Rate Code which will be linked to a Base Rate code

1. Navigate to Rates and then Rate Codes.
   
2. Click on "New" and follow the Rate wizard.
   
1. Select a Derived Rate then click on "Next".
   
2. Enter the Rate Code and Name and then click "Next".
   
3. Select the Rate Type - Public (open for all to use), Loyalty (Loyalty Programmes), Contracted (Corporate or Agents) or Manual (Complimentary rates), thereafter click "Next".
   
4. Select the Base rate from which this rate code will be derived from or linked to. Enter the Mark up/down and specify whether the markup/down is a percentage or an amount. Click "Next".
   
5. Select the Meal Plan which will be linked to the derived rate, click "Next".
   
6. Select the property the derived rate will be linked to. and lastly, click "Finish".

Once the new derived rate has been created the rate will then appear under the Base Rate tab.

2. Additional Settings

Complete any additional settings for the newly created rate code

1. Rate Group: Select the Group the Rate Code will be linked to for example Rack. Note that when adding a new Rate Code that is linked to a Closed out Rate Group (or Restricted Rate Group, etc), then the new Rate Code will also be closed out.
   
2. Market: Used to indicate this Rate code’s default, Market. Select the dropdown to access the Search for Market screen. If defined, the Market defaults to the reservation Guest Details page, however if a default market has been specified on the agent's profile then that will take preference. When a source code has a default market then the rate code market will take preference on the guest details page.
   
3. Default Plan: Enter the Default Meal plan for the rate code.
   
4. Linked to: If you are creating a Rate code to be linked to an existing Rate code, select that Rate code to which the current Rate code should be linked here.
   
5. Rewardable: When affiliated with a Loyalty Program, Rate codes may be set up to reward towards a certain scheme when a guest presents a loyalty card.
   
6. Redeemable: When affiliated with a Loyalty Program, Rate codes may be set up to 'Redeem' points when a loyalty card is presented. The process of Redeeming points takes place when the guest utilizes the accrued points to pay for accommodation at a participating Property.
   
7. Levy Included: Indicate here whether the Rate includes Tourism Levy.
   
8. Max Pax: Specify the maximum number of guests (Pax = Max Adults + Max Kids) allowed to occupy a room that utilizes this Rate Code - this will override what is on loaded on the room type
   
9. Max Adults: Specify the maximum number of Adults allowed to occupy a room that utilizes this Rate Code.
   
10. Max Kids: Specify the maximum number of Kids allowed to occupy a room that utilizes this Rate Code.
    
11. Low Rate: When this is a particularly low Rate, like a special or staff Rate, you would indicate it here. The effect of this Low Rate indicator is that the Inventory display and itinerary line will show asterisks next to them, indicating to the user that Low Rates are present on these dates / reservation.
    
12. Individual: Indicate whether the Rate code should be made available when dealing with an individual reservation.
13. Group: Indicate whether the Rate code should be made available when dealing with a group reservation.
14. Show: This field must be activated for the Rate Code to display if unticked the Rate Code will not show.

3. Hotel Codes

Navigate to Hotel Codes. Should a derived rate need to be changed at Hotel Level, the following may be updated.

1. Plan: At Hotel Level the user can now select a different Meal Plan associated with the Rate Code for the Hotel in question.
2. Levy: Should a Levy be included in the Rate Code per Hotel, it can be indicated here.
3. Allow Hotel Mark up/down: Should the derived rate need to be marked up or down further or to a different percentage or amount per hotel this needs to be indicated here.
4. Discount Type: Indicate the discount type, either percentage or amount.
5. Discount: Enter the discount percentage or amount.
6. Override Pax: Once this field has been ticked an additional screen will become available. Here the Max Pax, Max Adults and Max Kids can be overridden per hotel.
7. Commissionable: If this Rate code is commissionable, indicate it here by placing a tick in the box, the commissionable amount can be specified here.

 4. Demand Calendar

Navigate to the Demand Calendar.

1. Select the Property and Base Rate.
   
2. Repaint the Calendar, this will trigger NebulaCRS to begin the calculation and the rate can be published.
   

5. Publish

Navigate to Publish. The Base rate will then be calculated.

1.  If you click on rate code this will display the room categories on the left-hand screen, once you expand the tree you will see the dates and amounts to be published. Ensure all dates are visible and not just a few. This will only show once the rate has completed calculating - If this is not the case go back to the demand calendar and repaint the calendar.
   
2. Publish the base rate, the linked rate will then publish to eRes as well.

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