Define your Property's Default Corporate Rate
Learning Objectives:
- Understand what is a Default Corporate Rate
- Why your organization may wandefine a Default Corporate Rate Plan
- How to define your Default Corporate Rate
What is the difference between Negotiated Rates and Default Corporate Rates?
- Negotiated Rates are a single record linked to a single property. Defined with a specific Rate Plan and Start-End dates.
- Default Corporate Rates, are Rate Plans established at the property level by an admin. This serves as an extra Rate Plan that organizations may choose to offer alongside the Negotiated Rate. Typically, this is extended to accounts that are seen as having the potential to generate more revenue, offering an additional incentive to encourage continued collaboration.
What will happen if I define a Default Corporate Rate Plan?
By defining your Default Corporate Rate Plan, your users will be able to provide to Accounts an additional Rate Plan available to them.
As of October 2024, customers integrated with Opera Oxi also have the ability to link Negotiated Rates and Default Corporate Rates to the relevant Accounts in their PMS from Thynk. Read more about this here.
How to define your Default Corporate Rate?
1. Click on App Launcher, Type "Properties" click the Property that you would like to define the Default Corporate Rate for.
2. On the Property page, search and click on Default Corporate Rate Plan field
3. Search & select the Rate Plan
4. Click save
Resources
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