Overview on Rate Products

Overview on Rate Products

Learning Objectives

At the end of this article you will know…
  1. Overview of Rate Products and Common Issues
  2. What options you have when setting up Rate Products
  3. When you would use a Rate Product or a package
  4. How do Rate Products work on bookings?
  5. What Rate Price gets sent back to your PMS?
  6. Admin Setup and Best Practices

What is a Rate Product?

We understand that many customers need to bundle Products to Guest Rooms on Bookings. While we have Packages for bundling Events, Guest Rooms and Products, there is a more simple use case that doesn't always require the use of Packages.

Any Thynk Admin can create a Rate Product, which links a particular Rate Plan to a particular Product. Any time a Guest Room is added a Booking that references this Rate Plan (ex. Bed & Breakfast rate), the Product (ex. Breakfast) is automatically added to the Booking accordingly. The number of Booking Products (Rate Products) created depend on the Guest Room & Rate Product details.




Idea

For specific instructions, please refer to the lesson: https://learn.thynk.cloud/courses/take/thynk-admins/texts/60730666-what-is-a-rate-product-and-how-do-i-create-one
 in Thynk University! 👩🏻‍🎓 

Make sure that you have signed into the University from Thynk before clicking on the lesson link. 



    • Related Articles

    • December 2024 Product Updates

      Below you will find a brief, high-level description of enhancements and new features included in the latest product updates. We listen to your feedback and you may see something you requested below. Give us more feedback about your experience with ...

    • June 2023 Product Updates

      Bookings Bookings contain details such as the account information, contact for the booking, guest rooms blocked, function rooms, commissions, packages, and more. Here are the latest updates to help you manage your bookings more effectively and ...

    • Overview on Products & Combo Products

      Learning Objectives At the end of this article you will know… What ‘Products’ are The difference between Products vs Combo Products How do Products work on bookings and packages? What are ‘Products’? Products are anything that can be sold to your ...

    • April 2024 Product Updates

      Below you will find a brief, high-level description of enhancements and new features included in the latest product updates.We listen to your feedback and you may see something you requested below. Give us more feedback about your experience with ...

    • How to add Corporate Products (Inquiry Products) to an Inquiry

      Learning Objectives This article will teach you... Understand what are Inquiry Products (Corporate Products) How to build Corporate Products How to add Inquiry Products What these items would look like once converted Your New Inquiry is saved, what’s ...