Creating Rate Strategy

When a rate strategy is created, a counter condition should always be created to ensure that the restriction is removed if the control is no longer met. If a counter condition is not created, OPERA would never know to reopen a restriction if the number of rooms sold or occupancy falls back below the control setting.

When a rate strategy is edited or deleted, any restrictions already set by that rate strategy are not changed or removed. Once a rate strategy sets a restriction, the restriction can only be counteracted by creating a strategy that reverses it or by manually removing the restriction.

1. From the OPERA Cloud Administration menu, select Financial, select Rate Management, and then select Rate Strategies.
2. On the Rate Strategies screen, on the vertical ellipsis, click New.
3. Click Copy to copy the details of selected property.
   Clicking copy allows you to copy rate strategy from a source property to one or many target properties. This option is mostly used at the Hub level login.
4. On the Manage Rate Strategy screen, select a Property and Sequence (Mandatory fields).
5. In the Conditions panel, select a condition from the drop down list. .
6. Select Dates to Restrict From and Dates to Restrict To and Date range when the restriction applies
7. Select Consider Sell Limits and Consider Out of Order Rooms
   Consider Sell Limits and Consider Out of Order Rooms check boxes will be available only if an entry appears in either the Rate Category field or the Rate Code field.
8. In the Restrictions panel, select the Restriction Type from the drop down. Select Rate Code, Category, and Room.
   You can either select a Rate Category or Rate Code, but not both. When you select a Rate Category, then choose a Rate Code, the list of rate codes will include only those rate codes in the rate category you have selected. Once you choose the rate code, the entry in the Rate Category field is removed.
9. In Evaluation panel, select a By Date (Date Range when monitoring of bookings apply) and By number of Advanced Days (Number of days in advance of the Restriction Dates that monitoring of bookings starts).