{"id":852,"date":"2020-02-06T15:36:16","date_gmt":"2020-02-06T10:06:16","guid":{"rendered":"https:\/\/effectivetours.com\/docs\/?post_type=yada_wiki&#038;p=852"},"modified":"2020-02-10T15:19:54","modified_gmt":"2020-02-10T09:49:54","slug":"understanding-derived-rates","status":"publish","type":"yada_wiki","link":"https:\/\/effectivetours.com\/docs\/wiki\/understanding-derived-rates\/","title":{"rendered":"Understanding Derived Rates"},"content":{"rendered":"\n<h4 class=\"wp-block-heading\"><strong>What is derived pricing?<\/strong><\/h4>\n\n\n\n<p style=\"font-size:15px\">Derived pricing is an easy way to set rates for rooms with multiple occupancy options. You simply create a standard rate for the \u2018<em>base<\/em>\u2019 or maximum occupancy of a given room. The \u041e\u0422\u0410 will then automatically add or subtract a percentage price per person when the occupancy increases or decreases. This way, you\u2019ll stay in control of your standard rate without having to manually update rates for other occupies.<\/p>\n\n\n\n<p style=\"font-size:15px\"> Derived rates calculate their prices by adding or subtracting amounts (Derived Amount rate) or percentage (Derived Percent Rate) to\/from an existing standard rate.  When the prices in a standard rate change, the prices in the rates derived from it change automatically as well. This facilitates rate management significantly and reduces the possibility of errors. <\/p>\n\n\n\n<h5 class=\"wp-block-heading\">Here are some cases, where derived rates can be especially useful:<\/h5>\n\n\n\n<ul><li>Rates for different boards. Often the price for accommodation including meals (BB, HB, FB) is higher than fixed room-only price. This can be managed conveniently with a derived amount rate based on the room-only rate.<\/li><li>Rates for different number of guests. If the price of a single room is 80% that of a double one, its price can be set with a derived percent rate as -20% of the double room price.<\/li><li>Group rates. Often group rates offer a percentage discount from standard prices. Again, derived rates can be used here for easier management.<\/li><li>Promotional rates. Using derived percent rates you can set promo rates, which offer discounts for specific periods and are calculated automatically.<\/li><\/ul>\n\n\n\n<h4 class=\"wp-block-heading\">How Derived rates works with Effective Tours<\/h4>\n\n\n\n<p style=\"font-size:15px\">In case if your property has one of the above derived rates using scenario then all you have to do is to follow the next 2 steps:<br>1. Decide which rate should be a  \u2018<em>base<\/em>\u2019  rate &#8211; most common scenario is a Double (DBL) rate<br>2. Contact your OTA where you want to create a Derived rates scenario and ask them to create a derived rate for your rate Nr____ by adding fixed amount or percent on top of the rate you are sending from ET for each additional guests. For example: Please add 10$ for each person from 3 to 6, for the rate Nr:3433434.<\/p>\n\n\n\n<p style=\"font-size:15px\">That&#8217;s it! As soon as your OTA is configured, you have to update only   \u2018<em>base<\/em>\u2019  rate in ET and all derived rates will be updated in the relevant OTA automatically. <\/p>\n\n\n\n<p style=\"font-size:15px\" class=\"has-text-align-center\"><strong>IMPORTANT: PLEASE NEVER TRY TO MAP DERIVED RATES IN EFFECTIVE TOURS<\/strong> !!!<br>This may lead you to the overbooking!<br>You have to map and update from ET only the  \u2018<em>base<\/em>\u2019 rate <\/p>\n\n\n\n<hr class=\"wp-block-separator\"\/>\n\n\n\n<h4 class=\"has-link-hover-chambray-color has-text-color wp-block-heading\"><a href=\"https:\/\/effectivetours.com\/docs\/wiki\/effective-tours-setup-manual\/\">&lt;= Back to  Main Page<\/a><\/h4>\n\n\n\n<p><\/p>\n","protected":false},"author":1,"featured_media":0,"template":"","meta":{"_bbp_topic_count":0,"_bbp_reply_count":0,"_bbp_total_topic_count":0,"_bbp_total_reply_count":0,"_bbp_voice_count":0,"_bbp_anonymous_reply_count":0,"_bbp_topic_count_hidden":0,"_bbp_reply_count_hidden":0,"_bbp_forum_subforum_count":0},"wiki_cats":[],"wiki_tags":[],"aioseo_notices":[],"aioseo_head":"\n\t\t<!-- All in One SEO 5.0.0.1 - aioseo.com -->\n\t<meta name=\"description\" content=\"What is derived pricing? 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