Bookshelf v8.1/8.2: Example of Meeting Package Price Per Day Calculations

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Example of Meeting Package Price Per Day Calculations

This example shows price per day calculations for a meeting package with a two-day duration. Multiple functions, function line items, and sleeping rooms are associated with the meeting package. In the tables in this topic, NA stands for Not applicable.

The items and values for the Breakfast Meeting function are shown in Table 23.

Table 23. Function 1 - Breakfast Meeting
Parent Function Child Item	Posting Rhythm	UoM	Applies To	List Price	Adjust-ment Type	Value	Quan-tity	Function Space Rental
Breakfast Meeting	Per Day	NA	DD/CMP	Not applicable	NA	NA	NA	`50.00`
Breakfast Menu	NA	Per Person	NA	`15.00`	Price Override	`10.00`	`1`	NA
Projector	NA	Each	NA	`500.00`	Per Person Allocation	`10.00`	`1`	NA

The items and values for the Happy Hour function are shown in Table 24.

Table 24. Function 2 - Happy Hour
Parent Function Child Item	Posting Rhythm	UoM	Applies To	List Price	Adjust-ment Type	Value	Quan-tity	Function Space Rental
Happy Hour	Per Stay	NA	CMP	NA	NA	NA	NA	`50.00`
Appetizers	NA	Per Person	NA	`10.00`	Price Override	`5.00`	`1`	NA

The items and values for the Meet and Greet function are shown in Table 25.

Table 25. Function 3 - Meet and Greet
Parent Function Child Item	Posting Rhythm	UoM	Applies To	List Price	Adjust-ment Type	Value	Quan-tity	Function Space Rental
Meet and Greet	Per Day	NA	DD	NA	NA	NA	NA	`50.00`
Appetizers	NA	Per Person	NA	`10.00`	Price Override	`9.50`	`1`	NA
Projector	NA	Each	NA	`500.00`	Per Person Allocation	`10.00`	`1`	NA

The nonfunction items and their values are shown in Table 26.

Table 26. Nonfunction Line Items
Item	Posting Rhythm	UoM	Applies To	List Price	Adjust-ment Type	Value	Quan-tity
Tour Book	Per Stay	Per Room	CMP	`100.00`	Price Override	`75.00`	`1`
Wi-Fi	Per Day	Per Person	DD/CMP	`25.00`	Price Override	`10.00`	`1`
Valet Parking	Per Day	Per Person	DD	`35.00`	Price Override	`30.00`	`1`

The sleeping room types and their values are shown in Table 27.

Table 27. Sleeping Room Types
Item	List Price	Adjustment Type	Value
Standard King	Can vary by day.	Price Override	`200.00`
Deluxe King	Can vary by day.	% Discount	`10.00`

For this example, the Package Price (Per Day) for each Sleeping Room Type is calculated as shown in Table 28.

NOTE: If the sleeping room allocation is not based on a price override but is calculated from the benchmark rate for that day specified on the quote at run-time, then the package price cannot be calculated in the meeting package administration record.

Table 28. Package Price (Per Day) for Each Sleeping Room Type
Item	Standard King	Deluxe King
SR Allocation	`200.00`	Cannot be calculated because this value depends on the benchmark rate for the day on the quote.
Function 1 - BF menu	`10.00`	`10.00`
Function 1 - Projector	`10.00`	`10.00`
Function 1 - Fxn Space Rental	`50.00`	`50.00`
Function 2 - Appetizers	`2.50`	`2.50`
Function 2 - Fxn Space Rental	`25.00`	`25.00`
Tour Book	`37.50`	`37.50`
Wi-Fi	`10.00`	`10.00`
Package Price (Per Day)	`345.00`	Cannot be calculated because the SR allocation is variable.

For this example, the Package Price (Per Day) for DD is calculated as shown in Table 29.

Table 29. Package Price (Per Day) for DD
Item	DD
F1 - BF menu	`10.00`
F1 - Projector	`10.00`
F1 - Fxn Space Rental	`50.00`
F3 - Appetizers	`9.50`
F3 - Projector	`10.00`
F3 - Fxn Space Rental	`50.00`
Wi-Fi	`10.00`
Valet	`30.00`
Package Price (Per Day)	`179.50`

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