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The Lowest Rate feature is a tool to help with yield management.
This option allows the setup of Rate-Date Sets which assign a rate plan according to date and room type or room number. For example, the rate-date set LOW1 can be created to have RACK for room type 1B on 3/1/98, 3AAA for room type 1B on 3/2/98, 10DC for
room type 1B on 3/3/98, etc.
To display the Lowest Rate screen, click System from the Main Menu, then click Lowest Rate from the Navigation Panel on the left side.
Display Options
- Enter Date Range
- Enter a Start and End range of dates to only displays rate-date sets for dates within the selected range in the grid.
- Display Button
- Select the rate-date set, room type, and range, and then click the Display button. The rate-date sets are displayed in a grid.
- Include Descriptions
- If 'Include Descriptions' is checked, each cell in the grid shows the code and description. If it is not checked, only the code is displayed.
- Rate-Date Set
- Select an existing rate-date set from the dropdown box or ALL rate-date sets. There can be several records for one rate set code. Click the Add button to add a new rate-date set code. Click the Delete button to delete an existing rate-date set code and all records for that code.
- Room Type
- Select a room type or select ALL room types. Records can be displayed by a specific room type.
Rate-Date Set Grid
- Columns displayed are Rate-Date Set, Room Type, and a column for each date in the range selected. The Rate-Date Set and Room Type columns are static, so they remain in place when scrolling to the right of the grid. They are also read-only, so they can't be changed on existing records. You can change a rate plan in any of the date columns by choosing one from the dropdown box within the cell.
- Adding Rate-Date Sets
- To add a rate-date set, click the 'Add Rate-Date Set' button at the bottom of the grid. A new row is inserted where the user can choose the rate-date set, room type, rate plan for each date by selecting them from dropdown boxes in each cell. The record(s) are not added to the file until the Save button is clicked.
- Cancel Button
- Click the Cancel button to redisplay the records in the file, canceling all changes made before saving.
- Delete Rate-Date Sets
- To delete a rate-date set, highlight the row(s), then press the Delete button on your keyboard. Highlight a single row by clicking to the far left of the row. You can select multiple rows by holding the Shift or Ctrl keys while clicking the rows. The record(s) are NOT deleted from the file until you click the Save button.
- Save Button
- After adding, changing, or deleting rows, click the Save button. This saves the changes to the file.
Right-Click Menu
For right-click options in this module's grid, see Grid Right-Click Options.
- Auto Fill
- Auto Fill allows the user to put the same rate plan into the cells for a range of dates. The user must left-click in a cell in the row to be changed in order to activate the cell. Then right-click and select Auto Fill. A window appears so the user can choose a range of dates and a rate plan. Once the user clicks 'Continue', the selected rate plan is input into the cells in the active row.
Click these links for Frequently Asked Questions or Troubleshooting assistance.
Last Updated 11/18/2008
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