Length of Stay Rates Quick Reference Guide Introduction This is a variation on the daily rates where the price of the room is dependent on the length of stay. Users can set different rates based on the number of nights the guest is staying. Business Strategies booking of Length of Stay Maestro and Maestro’s online booking engine, ResWave allows for seamless (LOS) rates. Not all GDS/OTA providers handle Length of Stay (LOS) rates in the same manner. It is recommended to consult with them before entering rates within Maestro. Configuration If the user is familiar with Daily Rate creation, user can proceed to Section 4. All of Rate Types are configured from within Front Desk Maintenance. To do this, select Rates | Maestro’s Rate Types. To create a new Rate Type, select F6/Create and complete each field as described below. Rate Category All Rate Types for room rates must be associated with the Rate Category “Room”. All Rate Types for non-room rates must be associated with one of the other user-defined Rate Categories such as “Food” or “Recreation”. Key the desired Rate Category or select it from the F8/Lookup. Rate Type This is the name given to the Rate Type. For example – “RACK”, or “CORP”, “GOVT”. The and the fields correspond to the valid dates for From Date From Date To Date To Date the rate period. Number of Days Maestro will calculate the number of days that this Rate Type is valid. The user cannot key data into this field. # Days Minimum Default the Days Minimum to 1 and Days Maximum to 999 if Maestro’s # Days Maximum Yield Management is not being used. For Weekly Rates, you will set the # Days Minimum to 7. Days Adv Book Min It is only necessary to configure these areas when Yield Maestro’s Occupancy % From Management feature is in use. For a complete explanation of this Occ % To feature Please refer to Yield Management Reference – Maestro’s Minimum Amount Guide. Maximum Amount This field is not required for Length of Stay Rates. Package Src Cd Other Rate Category This field is not required for Length of Stay Rates. Other Rate Type
Length of Stay Rates Quick Reference Guide Introduction This is a variation on the daily rates where the price of the room is dependent on the length of stay. Users can set different rates based on the number of nights the guest is staying. Business Strategies Maestro and Maestro’s online booking engine, ResWave allows for seamless booking of Length of Stay (LOS) rates. Not all GDS/OTA providers handle Length of Stay (LOS) rates in the same manner. It is recommended to consult with them before entering rates within Maestro. Configuration If the user is familiar with Daily Rate creation, user can proceed to Section 4. All of Maestro’s Rate Types are configured from within Front Desk Maintenance. To do this, select Rates | Rate Types. To create a new Rate Type, select F6/Create and complete each field as described below. Rate Category All Rate Types for room rates must be associated with the Rate Category “Room”. All Rate Types for non-room rates must be associated with one of the other user-defined Rate Categories such as “Food” or “Recreation”. Key the desired Rate Category or select it from the F8/Lookup. Rate Type This is the name given to the Rate Type. For example – “RACK”, “CORP”, or “GOVT”. From Date To Date The From Date and the To Date fields correspond to the valid dates for the rate period. Number of Days Maestro will calculate the number of days that this Rate Type is valid. The user cannot key data into this field. # Days Minimum # Days Maximum Default the Days Minimum to 1 and Days Maximum to 999 if Maestro’s Yield Management is not being used. For Weekly Rates, you will set the # Days Minimum to 7. Days Adv Book Min Occupancy % From Occ % To Minimum Amount Maximum Amount It is only necessary to configure these areas when Maestro’s Yield Management feature is in use. For a complete explanation of this feature – Please refer to Maestro’s Yield Management Reference Guide. Package Src Cd This field is not required for Length of Stay Rates. Other Rate Category Other Rate Type This field is not required for Length of Stay Rates.