Create a derived rate plan that follows another plan’s price

Where: Property → Rooms and Rates in ClearHost
You need: Channel Manager on the property's plan, and permission to create rates on this property.

#Steps

1. 1

   Select the property you want to work on in the top bar.

2. 2

   Open "Property → Rooms and Rates".

3. 3

   Find the room type and click "Add rate plan" under it. The room type needs at least one plan already, because the plan you are about to derive from has to exist.

4. 4

   Name the plan, then under "Rate Type" pick "Derived (Based on another price)".

5. 5

   Choose the plan it should follow in "Parent Rate Plan", and leave "Derive pricing from parent rate plan." ticked — that tick is what makes the price follow the parent rather than sit on its own fixed figure.

6. 6

   Set "Rate Logic" to how it should differ from the parent — increased or decreased by a percentage or by an amount, or "Same as Parent Rate" — and type the number beside it. On a per-room plan Rate Logic sits just under the checkbox; on a dorm or per-person plan it only appears once you have picked a Pricing Logic of Adjust from primary occupancy or Auto Calculate.

7. 7

   Click Next through the remaining tabs and finish with "Create Rate Plan". The new plan appears in the list as a Derived Rate with the parent named beside it.

8. 8

   To change what the derived plan charges afterwards, change the parent’s price or reopen this plan and edit "Rate Logic". Do not go looking for it on the inventory board: a derived plan’s cells there are locked, and hovering shows a Derived from tooltip naming the parent instead of letting you type.

#Good to know

The Derived option is hidden on a room type’s very first rate plan — the first one has to be standalone. If you untick Derive pricing from parent rate plan. the plan keeps the parent on record but is priced from its own fixed rate, and it will show as a Standalone Rate in the list. Deleting a parent plan warns you how many plans are derived from it.