We’re introducing even more flexibility when it comes to setting your venue rates in MIDAS v4.06!
Currently, you can already set up hourly/daily rates for each of your rooms, and have different rates depending upon the day of the week.
In MIDAS v4.06, we’ve extended this to also allow you to define rates based upon the length of the booking as well!
For example, you can now set up a venue’s rates so that bookings lasting say less than 4 hours could be charged and invoiced at a higher rate than those lasting more than 4 hours.
You can also now define rates as “per booking” as well as “per hour” and “per day”. The new “per booking” option charges a fixed set amount for bookings.
So, as per the above screenshot, let’s say you define the following rates for “Meeting Room 1”:
- $100 per hour for bookings lasting 1+ hours
- $80 per hour for bookings lasting 4+ hours
- $450 per booking for bookings lasting 6+ hours
Bookings for “Meeting Room 1” would then be charged as follows:
| Length of Booking | Total Charge |
| 1h | $100 ($100 x 1) |
| 2h | $200 ($100 x 2) |
| 3h | $300 ($100 x 3) |
| 4h | $320 ($80 x 4) |
| 5h | $400 ($80 x 5) |
| 6h | $450 ($450) |
| 7h | $450 ($450) |
| 8h | $450 ($450) |
We believe this additional flexibility when it comes to charging and invoicing for use of your venues will be great benefit to our customers. Of course, for those who don’t require this level of flexibility, MIDAS can be simply set to charge a single rate for “all bookings”:
