What Is Derived Pricing

Modified on Thu, 09 Feb 2023 at 11:58 AM

RoomRaccoon uses derived pricing meaning that you have a base rate and your other rates are a derivative of the base rate. OTA, non-refundable and child rates are examples of rates which will be derived from your base rate. 

Why derived rates

  • Manage less rates individually.

  • Save valuable time when setting accommodation within RoomRaccoon.

  • Have a clear overview of packages, discounts and specials you offer to your guests. 

  • A fast and effective way of managing your rates. 

  • Create OTA rates or special rates for your room categories that are not visible in your Booking engine. 

Click on My Property to access rates

Rate overview

In your room types your rates are visible for each room category. The bold rate (usually 1 guest) rate is your base rate and all the derived rates will be connected to it. 

Refundable, non-refundable and flexible rates

Refundable rates are higher-priced rates that allow guests to cancel within a specific period in time. Non-refundable rates are usually cheaper as they are fixed and don’t have the admin cost of changing dates.

Flexible rates are rates which you can exchange for another day without having to pay additional fees. These are usually higher priced for the convenience and value of being able to change the guests stay without incurring any administration costs. 

Occupancy based rates

You can simply add a guest to your rate by increasing your occupancy by 1 guest, derive from your base rate and adding the markup on the one guest. For a more on derived pricing in your occupancy, click here.  

There are symbols to signify different 

    Breakfast not included / breakfast included 

    Not visible / visible on your booking engine

    This indicates whether a prepayment is required by the guest or not.

Good to know

  • Click here for more on Occupancy-Based Pricing (obp). 

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