Best rate practices
Whether you opt for the ResRequest Data team to set up your Rates or whether you would like to tackle your own Rate setup, it’s good to have a rough idea of what kind of Rates you have and the best Rate practices when working with ResRequest.
Rack rates
Rack rates are generally set up as commissionable so that, when allocated to the Agent, the Agent can be assigned a percentage of commission that can be deducted off the Rack rate by the ResRequest system.
STO rates
STO rates are set up if the percentage commission across the Rack rate does not match an exact percentage, i.e. Rounded percentage amounts or multiple percentages like 25% and 30% across multiple properties.
Zero rates
Zero rates are set up for Complimentary rates or Override rates that are decided upon at the time of the booking, e.g. Management rate, FAM trip rate, Walk-in rate.
Keep up to date with us
Menu
Visit our website
ResRequest Modules
- Business Intelligence
- Central Reservations
- Channel Management
- Customer Relationship Management
- Developer
- Email Series 2022
- Email Series 2023
- Financial Management
- Marketing tools
- Payment Gateways
- Point of sale
- Product
- Professional Services
- Property Management
- ResConnect
- ResInsite
- ResNova
- System Setup
- Technical Alerts
- Technical Tips
- Telephone Management
- Webinars Index