Local Negotiated Rates, BT or Preferred Corporate Accounts
LOCAL NEGOTIATED RATES, BUSINESS TRANSIENT CORPORATE ACCOUNTS
VOLUME CONTRACTS IN STS CLOUD
In STS Cloud, you are able to track your Locally Negotiated Rates or any type of rate quoted for a short term project, annual rate commitment, etc. These are referred to as Volume Contracts. You are able to record the room night potential when you are quoting a company rate, and link it to your merge document template to create the letter of rate agreement for your account.
The Volume Contract will record the transaction (i.e - company says they have 500 nights per year, and the hotel will quote rates for the company and activate a corporate rate plan for them). These will show up on on your weekly sales activity reports, and allow the reader to see your potential transient volume in addition to your group room and catering related sales.
Please see the video below to walk through tagging and creating a volume contract for an account, creating your merge document, and related tracking options to utilize STS cloud for Account production reporting.