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Rate Plans and Trading Rates
Glauce Botossi avatar
Written by Glauce Botossi
Updated over a week ago

Rate plans

A Rate Plan allows you to sell the same room under different prices, conditions, and policies on specific dates. Examples of rate plans may include: Best available rate, Flexible rate, or a Non-refundable rate.

Trading Rates

Trading Rates is a group of rate plans used for partnerships, that are easily managed.

You can think of Trading Rates as a bundle of rate plans that are packaged together for the Katanox Buyers. They make it easier to connect rates to a partnership or contract and allow for a similar workflow for chains connecting through a CRS as for those connecting through a PMS (or multiple PMSs).

As an example, we can group all your Flex rates from all the properties in your account into one Trading Rate - that way, if you need to make a change, you can change only one Trading Rate instead of several rate plans.

How to Edit Rate Plans

On the property’s main page, choose Rate Plans. Click on Edit on the rate plan you want to edit. Then, you can:

  • Add or delete the Policies for this rate plan

  • Connect or disconnect Units for this rate plan

After you make changes, click Save.

How to Edit Trading Rates

On the group’s main page, choose Trading Rates. Click on View on the trading rate you want to edit. Then, you can:

  • Rename the Trading Rate

  • Add or Remove the Connected Rate Plans

  • Change Board Types

  • Add or change Descriptions

  • See which Buyers have access to the specific Trading Rate

Click Save after you make changes.

Please note that editing Trading Rates won’t affect Rate Plans.

You can check how to add or remove the Connected Rate Plans here.

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