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Understanding How Revenue is Calculated
In Revenue Pooling, revenue is pooled between all unit owners that participate in the program. Revenue is calculated during the night audit process, after the guest checks out of the unit. All revenue/fees that are realized are then applied to the revenue pool period, which holds the revenue/cost until the end of the period.
If the Hold A/R Revenue Parameter – Y/N is set to Y, then at checkout, these transactions will appear in the revenue pool in a different color. The items will add to total shown during the course of the active/open period, but will be subtracted and held over if a payment is not received in that open period. These will be applied to the revenue split for the current open revenue pool period that payment is made in the AR module in OPERA PMS.
At the end of the period, the revenue is then split between owners based on unit elements (entitlement points) and any percentage or flat postings. The revenue calculation comes directly from the rental terms of the contract for the rental unit elements and multipliers. Rental terms can be standardized by way of templates. The hotel's portion if the revenue (the manager's account) is treated the same as the revenue pool.
If an owner decides to withdraw from the revenue pooling program, then the owner will only receive a prorated amount of the revenue equivalent to the total number of days the owner participated in the program.
When the General>Component Rooms application function to Y, and a revenue pool is being settled, in case there are Owner contracts for Component room that participate in revenue pool, only the physical rooms that make the component room are eligible for the revenue/expenses distribution. The component rooms will never be considered for revenue/expenses distribution in revenue pool.
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