Managing Custom and Event Rates

​Article contents

• Create a Custom Rate
• Custom Rate Fields Description
• Third Party Pricing Tool Integration
• Pricing Tester

• Edit or Delete Custom Rate

NOTE: 

• Custom rates can be used for one-off or repeat holidays, events, and seasons. 
• Custom rates apply to a date range you select.
• Multiple custom rates can be created.
• If you are connected to a third party pricing tool, you do not need to set custom rates in MyVR.
• For information on setting base rates and advanced options, see help article.

Create a Custom Rate

Step 1: Navigate to Properties > Properties > [Property Name]

Step 2: Click Rental Rates

Step 3: Scroll down to Custom Rates block

Step 4: Click New Custom Rate

Step 5: Fill out custom rate fields as needed (see details below)

Step 6: Click Save Rate

Custom Rate Fields Description

1. Rate Name: Create name for internal reference, e.g. New Year, 4th of July.

2. First  / Last Night: First and last night which custom rates apply.

NOTE: 

• This is not the same as check-in / check-out days. 
• E.g. For the rate to apply to a stay from July 1 to July 7, the first night on the custom rate is July 1, the last night is July 6.

3. Minimum / Maximum Stay: Minimum and/or maximum stay for the custom rate will override the base rate.

4. Repeat Annually - Select “Yes” for the same custom rate to repeat annually on the same dates.

NOTE: 

• Select “Yes” for holidays or events that repeat on the same calendar date each year, e.g. New Year and 4th of July. S
• Select “No” for annual events that have a different date each year, e.g. Thanksgiving.

5. Enter Nightly Rate, optional Weekend Rate

6. Enter optional Weekly Rate and optional Monthly Rate

7. Event Rate: Select “Yes” to require that all nights included in the custom rate be booked consecutively.

8. Restrict Changeover Day: Select Yes to restrict check-in / check-out to a specific day of the week.

Third Party Pricing Tool Integration

NOTE: 

• If MyVR is integrated with a third party pricing tool, you do not need to create custom rates. The rates will automatically push from your pricing provider to MyVR. 
• Integrated rates are visible under custom rates, as in this example:

Pricing Tester

Step 1: Click Open Pricing Tester (at bottom left of Custom Rates block)

Step 2: Enter dates to test pricing results and view complete Quote

NOTE:

• Pricing tester can be used for all rate types: base rates, manually created custom rates, or third party pricing tool rates.
• If date range includes both custom and base rates, these are indicated separately.

• Managing Base Rates