Yield Management Software represents the yield company that calculates the actual hurdle rates which OPERA compares against. The yield management software receives messages from OPERA in XML format and evaluates the changes that have been made in OPERA. Based on these changes as well as historical fields, the yield management software determines hurdle rates and changes, which are to be sent through XML messages. OPERA then uses these hurdle rates to determine rate code/room type availability at the time of making a reservation.
Hurdle Rates represents the monetary hurdle value calculated by the yield management software after considering information extracted from OPERA’s tables. This is the value that must be reached for OPERA to display a rate code/room type on the rate grid. Hurdle rates are sometimes referred to as bid prices or opportunity costs. All values will be in the base currency.
Parent topic: Rate Management