About manual rates
Manual rates allow you to manage and update the price for each date individually. This option gives you full control over your daily pricing.
To set up manual rates, select Manually input daily rates under the rate’s Rate setup settings.
Update rates through the Inventory tab, or in your PMS/RMS if it sends inventory updates to SiteMinder.
💡 You can set a minimum rate in Property Settings to prevent rates being set too low.
About derived rates
Derived rates can help save you time and effort by reducing the need to manually update the price of all rates across all your booking channels. Derived rates are helpful when creating multiple rate plans, as they make it more efficient to adjust pricing across multiple rate plans.
The price for a derived rate will be automatically adjusted when the price for the linked rate is updated.
💡 Derived rates only affect the rates in your Inventory grid. Extra person charges (extra adult rates and extra child rates) are not included in the derivation and must be updated manually for each rate plan.
Common uses for derived rates
Breakfast included — increase the rate by a specific amount for daily breakfast included.
Release period / advance purchase — discount the rate by a specific amount or percentage if your guests book a certain number of days in advance.
Non-refundable — discount the rate by a specific amount or percentage to secure a non-refundable rate.
Length-of-stay — discount the rate by a specific amount or percentage if your guests book a certain number of nights.
Room views — increase the rate by a specific amount or percentage for rooms with a view. For example, an ocean view room would have a higher rate than the best available rate with a garden view.
Where to update inventory for derived rates
If you use derived rates, update inventory for the base rate only. Derived rates will adjust automatically.
Two-way PMS/RMS integration: If your PMS sends inventory updates to SiteMinder, make all inventory updates (rates, availability, restrictions) in your connected PMS.
One-way integration: If your system does not send inventory data to SiteMinder, make inventory updates directly in the SiteMinder inventory grid.
💡 If you set up derived rates in your PMS, you must set the rate configuration in SiteMinder to Manual, not derived.
Set up derived rates at different levels
Set up derived rates at four different levels:
Rate plan: The highest level. This will affect all room rates associated with the rate plan, including the rate plan's channel rates and direct rates.
Room rate: Deriving a room rate will affect the associated channel rates and direct rates.
Channel rate level: Derive from a room rate for a specific channel rate.
Direct rate level: Specific to direct booking rates.
⚠️ It is recommended not to add a derivation override more than once, as this will result in derivations being multiple times.
Create a derived rate
To set up a derived rate (rate plan, room rate, channel rate or direct rate):
Rate plans or room rates: Rooms and Rates > Rate Plans
Channel rates: Distribution > Channels > Rooms rates mapping > click on channel rate and select configure
Direct booking rates: Direct booking > Rates
Click on the rate and edit.
Under Pricing details > Rate setup > select Derive daily rates.
In the Derived from drop-down menu, Select the rate you want to derive from.
In the Adjust daily rates by drop-down, select how you want to adjust rates (for example by an Amount or Percentage, Amount then percentage, or Keep rates the same).
Enter a value, then select Increase by or Decrease by.
Click Save.
Derived rate overrides
Derived rates can help automate your pricing strategy, however you may want to override derived rates to a specific price for a particular channel rate or certain date. You can override derived rate pricing for certain room rates, channel room rates, or direct booking rates.
Examples when you might want to override rate plan pricing:
Override specific dates — during a peak season, you might want to temporarily increase the price for your non-refundable derived rate. You can set a date override for the peak season dates and adjust the price accordingly.
Override Direct booking or specific channels — if you're running a flash sale for a specific date on your website or via your channels (OTAs), you can override the derived rate on that specific date to reflect the discounted flash sale price.
Override certain fields — for example, if you want to override the release period field for a derived rate.
Override derived rates
To override values for derived rates:
Click on the rate and select Edit.
Under Pricing details, click on Override rate plan pricing.
Enter the new price.
Click Save.
Room rates: add override in Rooms and Rates > Rate Plans
Channel rates: add override in Distribution > Channels > Rooms rates mapping > click on channel rate and select configure
Direct booking rates: add override in Direct booking > Rates
Override derived rates for specific dates
To override derived rates for specific date periods:
Click on the rate.
Click on +Add rate override.
Select the date range for the override to apply.
Select how you want to adjust rates (for example by an Amount or Percentage).
Enter a value, then select Increase by or Decrease by.
Click Save.
Apply overrides for inherited settings
For derived rates, you have the option to override inherited settings. When a field (such as release period or inclusions) appears greyed out with a padlock icon, it means the value has been inherited from the room type or rate plan.
To override this value:
Click the lock icon to unlock the greyed-out field.
Enter the new value.
Click Save.
The overridden value will only apply to the specific rate you are editing.
💡 Channel rate multiplier: A Channel rate multiplier is a separate setting that modifies the rates sent to the entire channel for all mapped rates. It applies a configured value (multiplier) to every rate sent to that specific channel (Distribution > Channels > Channel settings).