Linking Negotiated Rates to Accounts in your PMS (BETA)
- What is a Negotiated Rate and Default Corporate Rate
- Understand how this New Feature works
- Understand how to re-send Negotiated Rate / Default Corporate Rate changes to your PMS
- Understanding when a Negotiated Rate / Default Corporate Rate has been sent successfully or has failed to your PMS
- Best Practices
Overview on the feature
We're excited to introduce a powerful new feature that enables users to directly link both Negotiated Rates and Default Corporate Rates to Accounts in your PMS. This enhancement simplifies the management of Negotiated Rates across multiple properties by allowing direct connections between Rate Plans and Accounts for relevant properties.
On both the Multi-Property Negotiated Rate and Negotiated Rate levels in Thynk, a new 'Link Rates' button is available. This feature facilitates the seamless linking of a Negotiated Rates contract Start-End dates and Rate Plans to the defined Account within your PMS.
Currently, this feature is exclusively available for properties using the Opera OXI Integration as of October 2024. If you are interested in using this feature with another PMS integration, please reach out to us on the Thynking Together Community.
How does this feature work?
For specific instructions, please refer to Thynk University! 👩🏻🎓
Make sure that you have signed into the University from Thynk before clicking on the lesson link.
For specific instructions, please refer to Thynk University! 👩🏻🎓
Make sure that you have signed into the University from Thynk before clicking on the lesson link.
Best Practices
Reach out to your Manager to follow your internal SOPs on how to use Negotiated Rates and Default Corporate Rates.
If you want to use Default Corporate Rate Plans, make sure to create a Multi-Property Negotiated Rate.
When using Multi-Property Negotiated Rates ensure you have created all related Negotiated Rates for each property, otherwise the feature will not work.
When Linking Rates to your PMS Accounts (for each property), ensure all required fields have been defined.
Resources
Related Articles
Overview on Negotiated Rates and Multi-Property Negotiated Rates
Learning Objectives: What are Negotiated Rates What is the difference between Multi-Property Negotiated Rates and Negotiated Rates What is the Thynk Standard flow for Multi-Property Negotiated Rates and Negotiated Rates What are Negotiated Rates ...Define your Property's Default Corporate Rate
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