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Function Space Pricing Administration

An administrator or a property revenue manager can define benchmark rental fees for function space room types, and specify pricing exceptions for these functions. The administrator or manager must set up the defaults for daily rentals and then define any day part exceptions.

The user can define function space type prices at the category level, and the prices will be applied to all specific spaces associated with the category. Prices for specific space can be modified later if necessary. If categories are not defined, the administrator defines prices for specific space.

The property revenue managers must complete some setup tasks for the function space pricing of the property. These tasks include the following:

1. Setting Up Pricing Day Parts
2. Defining Function Space Pricing Rules
3. Setting Up Average Values and Function Types
4. Marking Function Spaces as Unavailable or Out Of Order

These tasks are steps in Function Space Pricing Administration.