Overview on Rate Products
Learning Objectives
At the end of this article you will know…
- Overview of Rate Products and Common Issues
- What options you have when setting up Rate Products
- When you would use a Rate Product or a package
- How do Rate Products work on bookings?
- What Rate Price gets sent back to your PMS?
- 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.
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.
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