In ThinkReservations, rate types can be synchronized using derived rates. Derived is just a fancy way of saying that your rate types can now be linked to connected together so that when you make changes on one, another is updated automatically.
- Derived Rates allow multiple rate types to be linked to a base rate.
- A "Base Rate" is a parent rate, and a "Derived Rate" is a child rate.
- The derived rate must always share the same restrictions and availability as the parent base rate.
With derived rates, you can sync your rates & restrictions automatically from your "Best Available Rate" or standard rate, then adjust the room price by a consistent percentage or dollar amount.
For example: A Military Rate Type that's always a 15% discount - when you update or extend your Best Available Rate, your Military Rate will change accordingly. Let's get started!