The Default Rate Settings functionality is a centralized page, where the behavior and dependencies of the Rate Plans are managed. When set up correctly, a lot of future manual work can be prevented and also help in optimizing revenue. Especially in conjunction with the Dynamic Rate Rules.
One of the most important topics is the fact that for a Room Type multiple rate plans can be connected. With setting one rate plan to ‘Master Rate’ and have the other rates being derived from that, less work has to be done on a daily bases. But also the revenue strategy can be executed in an easier way.