Rate Codes | Description |
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Standard Rate | Allows configuration of rate amounts by date range. For example, $120 per night rate for STD room from 01-Mar-2017 to 25-Apr-2018. |
Daily Rates | Allows configuration of rate amounts by day. It allows the user to define rates for each day by room types. |
Tiered Rates | Allows configuration of rate amounts by Length of Stay. For example, stay for 1 to 3 nights is $150 per night and 4 to 7 days is $120 per night. For more information, see << Tiered Rates >>. |
Base Rate | Allows configuration of rate amounts based on another rate code. For example, Properties can consider their RACK Rate as Base Rate and configure base rates based on the Rack Rate amount (such as 10% less on the rack rate). This rate structure provides greater flexibility on the rate details level by allowing you to configure the rate as either a flat amount or a percentage. |
Dynamic Base Rate | Dynamic Base Rates functionality automatically calculates and displays dependent rate and their amounts during the availability search. |
Advanced Dynamic Base Rate | The Advanced Dynamic Base Rate allows you to create a rate based on another rate (a base rate) or based on both a base rate and a BAR Based rate. This rate structure provides greater flexibility on the rate details level by allowing you to configure the rate as either a flat amount or a percentage. It offers the ability to compare Rate Details with other Base Rate amounts. |
Best Available Rate (BAR) | Allows configuration of rate codes that are selected for Best Available Rate comparison. There are 3 types of BAR rates that can be set up in OPERA:
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Parent topic: About Rate Codes