OPERA Controls — Rate Management

The following tables outline the functions, parameters, and settings that can be configured in the OPERA Controls Rate Management group.

Table 10-48 OPERA Controls — Rate Management Functions

FUNCTION RELATED FUNCTION / PARAMETER / SETTING DESCRIPTION

ADVANCED DYNAMIC BASE RATES

[ADVANCED_DYNAMIC_BASE_RATES]

  

Advanced Dynamic Base Rates Functionality.  Dependent rates can be configured in which they are dynamically based off of other rate codes by rate set.

ADVANCED PACKAGES

[ADVANCED_PACKAGES]

  

Enables allowance based package items to be configured . Allowances defines a maximum spend only with the actual revenue for the package item posted via an external system such as point of sale or video system . OPERA Cloud accurately tracks allowances and revenue offset and handles any under-consumption or overage.

BASE RATES

[BASE_RATES]

  

Enables a rate code pricing schedule to be derived from pricing schedule of another rate code, adjusted by a flat amount of percentage. When the pricing schedule is updated from the parent rate all derived rates are adjusted accordingly.
 

BASE RATE EXTRA PERSON CALCULATION PARAMETER

[BASE_CALC_EXTRA_PERSON]

Applies base rate calculations to extra adult and extra child amounts.

BEST AVAILABLE RATES

[BEST_AVAILABLE_RATES]

  

Enables logic to determine and display the best available rate per room type in the Look to Book sales screen for new reservations.
 

BEST AVAILABLE RATE TYPE SETTING

[BEST_AVAILABLE_RATE_TYPE]

Determines how to handle Best Available Rates (BAR).

Valid values:

  • BAR BY DAY — Up to 25 rate codes per day can be configured for consideration of the best available rate. The rate query returns up to four rate amounts per room type for the best available rate.

  • BAR BY LOS — The best available rate is determined based on the length of stay. Only one rate code per length of stay per day can be created as the best available rate. The rate query only shows one rate amount per room type as the best available rate.

  • BEST BAR BY DAY — Out of all best available rates, only the best rate code shows. Also, you can set up BAR based rate codes to calculate the rate amount based on the best BAR rate code's amount.

CHILD RATES BY DEFINED BUCKETS

[CHILD_RATES]

  

Controls display of child rate fields in rate configuration and Look to Book Sales screen - the rate amount for stay is calculated based on child age range buckets.
 

FREE CHILD RATES BY DEFINED BUCKETS

[FREE_CHILD_RATES]

Controls whether child rate bucket fields (0 - 2, etc.) appear; Enables free stay for one child when x-number of children are booked per room.
 

MIN AGE RATE BUCKET 1 SETTING

[MIN_CHILD_AGE_BUCKET1]

Defines the lower number of bucket 1 (i.e., the 0 of 0 - 2).
 

MAX AGE RATE BUCKET 1 SETTING

[MAX_CHILD_AGE_BUCKET1]

Defines the upper number of bucket 1 (i.e., the 2 of 0 - 2).
 

MIN AGE RATE BUCKET 2 SETTING

[MIN_CHILD_AGE_BUCKET2]

Defines the lower number of bucket 2 (i.e., the 4 of 4 - 6).
 

MAX AGE RATE BUCKET 2 SETTING

[MAX_CHILD_AGE_BUCKET2]

Defines the upper number of bucket 2 (i.e., the 6 of 4 - 6).
 

MIN AGE RATE BUCKET 3 SETTING

[MIN_CHILD_AGE_BUCKET3]

Defines the lower number of bucket 3 (i.e., the 8 of 8 - 10).
 

MAX AGE RATE BUCKET 3 SETTING

[MAX_CHILD_AGE_BUCKET3]

Defines the upper number of bucket 3 (i.e., the 10 of 8 - 10).
 

RATE BUCKET 4

[CHILD4_LABEL]

Specifies the label for the fourth rate bucket. Rate amounts cannot be defined for this bucket in rate code configuration. The field and label only show in reservations.
 

RATE BUCKET 5

[CHILD5_LABEL]

Specifies the label for the fifth rate bucket. Rate amounts cannot be defined for this bucket in rate code configuration. The field and label only show in reservations.

DAILY RATES

[DAILY_RATES]

  

When active the price for a rate can be defined on a daily basis rather than date range. A maximum of 10 daily rate codes can be configured for per property.
 

DAILY RATES MAX DAYS SETTING

[DAILY_RATES_MAX_DAYS]

Specifies the maximum number of days that can be configured for the daily rates functionality.

DAY TYPES

[DAY_TYPES]

  

Day type codes can be configured to either increased or decreased the rate for eligible rate codes on selected dates on a calendar.

Without having to create new pricing schedules rates can be adjusted on specific days throughout a year for event such as a public holiday or Easter.

Note - OTA's and other external systems do not support day type rate adjustments.

DYNAMIC BASE RATES

[DYNAMIC_BASE_RATES]

  

Enables you to setup derived rate codes which dynamically calculates price based on daily or regular rate code, with option to compare with a static pricing schedule on derived rate to offer the lowest rate of the two.

NEGOTIATED RATES

[NEGOTIATED_RATES]

  

Ability to save one or more rate codes on a profile. When creating new reservation for existing profile in Look to Book sales screen OPERA Cloud will display the negotiated rate for profile to ensure the correct rate is quoted to the caller.

OCCUPANT THRESHOLD PRICING METHOD

[OCCUPANT_THRESHOLD_PRICING_METHOD]

  

Enables the pricing method that calculates an extra charge based on the occupants.

PROMOTIONS MODULE

[PROMOTIONS_MODULE]

  

Promotions enables rates codes to linked to a promotion code and sold via query for promotion from Look to Book sales screen; limited used coupons can also be generated for promotions.
 

HIDE PROMOTION RATES PARAMETER

[HIDE_PROMOTION_RATES]

Hides rate codes attached to promotions in the Look to Book Sales screen unless selecting the specific promotion code.
 

PROMOTION COUPON CODES PARAMETER

[PROMOTION_COUPON_CODES]

Enables generating limited use coupon codes linked to a promotion code.

RATE CODE APPROVAL

[RATE_CODE_APPROVAL]

  

Allows to set a layer of approval for all Rates prior to them being activated for use across the Enterprise.

RATE CODE UPLOAD TO ORACLE DISTRIBUTION

[MYFIDELIO_RATE_UPLOAD]

  

When active, a new component checkbox will be displayed in rate code configuration allowing users to select which rate codes should be uploaded to the Oracle Distribution. This should only be enabled if your OPERA ORS has an Oracle Distribution central connector.

RATE SEASONS

[RATE_SEASONS]

  

Rate seasons enable season codes to be configured with start and end dates. When configuring pricing schedules the season code can be selected.

RATE TIERS

[RATE TIERS]

  

Activates rate tier functionality to configure length of stay tiers and rate schedules by defined lengths of stay.
 

RATE TIER DETAILS SETTING

[RATE_TIER_DETAILS]

Defines the length of stay tiers that rate schedules can be created under.

Valid values:

  • 1-2

  • 3-7

  • 8-20

  • 21+

REAL TIME RATE ROOM AVAILABILITY

[REALTIME_RATE_ROOM_AVAILABILITY]

  

Activates real time rate and inventory retrievals for integration with external CRS system.

REVENUE POSTING BY ROOM TYPE/ROOM CLASS

[RATE HEADER MULTIPLE ROOM TRN CODE LINKAGE]

  

Enables linking multiple transaction codes by Room Class / Room Type on the Financial Details.

Note: If the Revenue Posting by Market Code control is active, this function is used as a secondary posting method.

SUPPRESS RATE

[SUPPRESS_RATE]

  

This functionality supports confidential rates - an ‘SR” is displayed instead of the rate amount in Look to Book sales screen and the reservation. Only users with the elevated privilege ‘VIEW SUPPRESSED RATE DETAILS’ are able to view the rate amount details.

Table 10-49 OPERA Controls — Rate Management Parameters

PARAMETER RELATED FUNCTION / PARAMETER / SETTING DESCRIPTION

ABILITY TO QUOTE RATES IN FOREIGN CURRENCIES

[MULTI_CURRENCY]

  

Enables quoting rates in foreign currencies.
 

REFERENCE CURRENCY CALCULATION SETTING

[REFERENCE_CURRENCY_CALCULATION]

Determines how the reference currency appears on the folio.

Valid values:

  • CURRENT — The reference currency amounts are based on the exchange rate calculation for the date the folio is printed/previewed.

  • ACTUAL — The reference currency amounts are based on the exchange rate calculation for the date the transaction was posted.

ADVANCED RATE CODE POSTING RHYTHM

[ADVANCED_RATE_CODE_POSTING_RHYTHM]

  

When activated you can define posting rhythms for specific date ranges. You can indicate if the posting rhythm can be repeated within the Stay or Sell segment within the Stay.

DEFAULT MEMBERSHIP FLAG

[DEFAULT_MEMBERSHIP_FLAG_ON_RATE_HEADER]

  

Selects the Membership check box automatically for all newly created rate codes.

MAXIMUM RATE ALLOWED

[MAXIMUM_RATE_ALLOWED]

  

Enables entry of a maximum rate amount for single and double rate amounts on the Rate Schedules screen. This amount is evaluated at the time of booking and substituted for any night where the discount calculated for the rate exceeds the maximum rate amount.

MINIMUM RATE ALLOWED

[MINIMUM_RATE_ALLOWED]

  

Enables entry of a minimum rate amount for single and double rate amounts on the Rate Schedules screen. This amount is evaluated at the time of booking and substituted for any night where the discount calculated for the rate is lower than the minimum rate amount.

PACKAGE PRICING AND AVAILABILITY ATTRIBUTES

[PACKAGE PRICING AND AVAILABILITY ATTRIBUTES]

  

Enables specifying begin and end sell dates on a package and specifying min/max nights and min/max persons for each date range on a package.

PACKAGES SOLD SEPARATELY

[PACKAGES_SOLD_SEPARATELY]

  

Enables flagging packages as Sell Separate in configuration.

PRIVILEGED RATES

[PRIVILEGED_RATES]

  

Activates privileged rates functionality.

RATE CODE POSTING RHYTHM

[DISCOUNT_FREE_NTS]

  

When active you can define if the rate code amount posts every night or every X nights.

RATE CODE RESTRICTIONS

[RESTRICTION_RATECODE]

  

Enables setting restrictions at the rate code level.

RATE FLOOR

[RATE_FLOOR]

  

Activates rate floors functionality to set a minimum rate amount for rate schedules.
 

RATE FLOOR LEVEL OF CONTROL SETTING

[RATE_FLOOR_LEVEL_OF_CONTROL]

Determines the level that rate floors are set.

Valid values:

  • RATE LEVEL

  • ROOM TYPE LEVEL

RATE OWNERSHIP HANDLING

[RATE_OWNERSHIP]

  

Exposes additional columns on the rate code protection screen for property and central. Also enables flagging rate codes as property or centrally owned.

REFRESH MANUALLY ADDED PACKAGES

[REFRESH MANUAL PACKAGES]

  

Refreshes the attributes of manually added packages on a reservation based on the existing package configuration.

REVENUE POSTING BY MARKET CODE

[REVENUE_POSTING_BY_MARKET_CODE]

  

Determines if revenue posts based on Rate Code Configuration or Market Code Mappings.

SHOW ADD SEPARATE LINE PACKAGES TO RATES IN THE LTB

[INCL_PRINT_SEP_PKGS_IN_RATE_QUERY]

  

Includes packages that are 'Add Rate Separate Line' in the rate amount in the Look To Book Sales screen.

TICKET PACKAGES

[TICKET_PACKAGES]

  

Enables packages to be flagged as a ticket and for tickets to be associated to a reservation and show in a ticket panel for action.

Table 10-50 OPERA Controls — Rate Management Settings

SETTING DESCRIPTION

DEFAULT PACKAGE TRANSACTION CODE

[DFLT_PKG_TRAN_CODE]

Defines the default transaction code for packages on rate codes.

DEFAULT TRANSACTION CODE

[DFLT_TRAN_CODE]

Defines the default transaction code for rate codes.

Valid values:

  • All transaction codes associated with a Revenue group and In House Sales = N, In House Payment = N, and In House Deposit = N. This excludes comp transaction codes.

PACKAGE ATTRIBUTES FOR EXTERNAL RATES

[PACKAGE_ATTRIBUTES_FOR_EXTERNAL_RATES]

Enables selecting attributes so that the packages with selected attributes can be attached to externally controlled rate codes.

Valid values:

  • Included in Rate

  • Add Rate Separate Line

  • Add Rate Combined Line

PACKAGE LOSS

[PACKAGE_LOSS]

Defines the package loss transaction code.

Valid values:

  • All transaction codes except those marked as internal only.

PACKAGE PROFIT

[PACKAGE_PROFIT]

Defines the package profit transaction code.

Valid values:

  • All transaction codes except those marked as internal only.

RATE INFORMATION TEMPLATE

[RATE_INFO_TEMPLATE]

Defines the rate information template to configure generic text that is common for most rate codes. When configuring rate plans, the rate information template for the property can be populated in the rate code's long information field and further modified to suit the individual rate code as needed.

Parent topic: OPERA Controls