PREVAILING RATE BY LOS Application Setting

Group.  Rates

Type.  Function

Application. PMS


Description.  Activate the Prevailing Rate By Length of Stay functionality.


Property Determination.  With the activation of the Prevailing Rate by LOS application function, Opera can create daily rate amounts per room type per length of stay based on bid prices/hurdle rates sent down by ORMS and the legacy revenue management system TopLine Profit (TLP), and other yield management systems. This functionality displays a specialized Rate Query Details screen displaying the prevailing rates for the guest’s requested arrival date, plus 3 days prior to and three days following the arrival date.

Activation / Inactivation Rules. 


Available Values.

Y- Yes

N- No

Add On Licenses/Country Specifics.

Available when the when the ORMS OPO_, OPK_, and OPH_ license codes are active, or the TLP OPP_OPUS add-on license is active.

Other Application Settings.

When this function is active, users will see the setting PREVAILING RATE CODE.

Affected Areas

Menus / Screens / Fields.

Configuration>Rate Management>Rate Classifications>Rate Codes


Configuration>Setup>Business Events>Configuration>External System = Channel>Module = Rate>Apply Prevailing Rates


Configuration>Reservations>Room Classifications>

Room Types>Property Level


F5>Rate Query

Reports & Report Forms.




Other Areas.