There are cases when the Reservation team take in bookings for the next year (Y+1) under the current year (Y) rates.
When the management has finalized and approved (Y+1) rates, these prices need to be updated in the rate code details. However, the hotel would like to honor those existing reservations (Y+1) that had been booked under (Y) prices.
This article describes how the user can expire rate code details and then create new ones.
Therefore, all reservations taken against the original rate detail will maintain their agreed booked rates. Any future reservations will be booked against the new rate details and at the correct price.
*Note: This applies to properties that use season periods in the rate code details.
Expire this rate detail. You can do it by setting the validity to yesterday’s date (current protel date minus 1). Click OK.
Publish changes to running FO.
Check the old reservation.There is no change in the price - it takes from the original rate detail.
Users do not have to manually modify the price.