A derived rate plan is a type of rate plan that is based on the price of another rate plan. The price of the derived rate plan is calculated by adding or subtracting a percentage or fixed amount from the price of the base rate plan.
What is derived rate plan
A rate plan can have manual rates (set directly in inventory) or they can be derived from another rate plan. You can define if a rate plan is manual or derived by changing the ‘Rates Type’ option inside the rate plan.
Rate plan set to ‘Manual’
If you set the rate plan to ‘Manual’, you will be able to manually enter the rates for this rate plan in the inventory.
Rate plan set to “Derived’
If you set the rate plan to ‘Derived’, you will have to choose another rate plan to derive the rates from. The room rates will be taken from the other rate plan and you have to adjust the rates in one of the two ways: increasing or decreasing by a percentage or set amount.
How it works
For example:
- You have a room type called Double Room.
- You have two rate plans: Double Room Only and Double Room Romantic
- The rate plan Double Room Only is set to be manual. Prices are manually entered in the inventory.
- The rate plan Double Rom Romantic is set to be a derived from the Double Room Only rate plan.
- The derived rule is set as ‘increase rates by 30%’
- The rate for the Double Room only rate plan is $100
- The rate for the Double Room Romantic will automatically be $130
Rates display
In the Rates and Availability page, derived rate plans will be indicated by the symbol 
and the rate numbers on a derived rate plan will be displayed with a little reduced opacity. Any changes to the manual rate plan rates will automatically be reflected in the linked derived rate plan.
