Price Limit (Cap) acts as a safety net to prevent prices from going too high or too low. Think of it like the maximum discount you'd offer on an item or the minimum price you wouldn't go below.
How the Cap Works:
Increasing Prices: If you set a cap for price increases, it becomes the maximum price per night, even if a Rate Rule would normally raise it higher.
Decreasing Prices: Similarly, the cap acts as a minimum price. Even if a Rate Rule significantly lowers the price, the cap ensures it won’t drop below the set minimum.
Multiple Adjustments: If multiple Rate Rules are increasing or decreasing prices, the highest cap will serve as the overall limit.