Example of Meeting Package Price Per Day Calculations
This example shows price per day calculations for a meeting package with a two-day duration. Multiple functions, function line items, and sleeping rooms are associated with the meeting package. In the tables in this topic, NA stands for Not applicable.
The items and values for the Breakfast Meeting function are shown in the following table.
| Parent Function — Child Item |
Posting Rhythm | UoM | Applies To | List Price | Adjust-ment Type | Value | Quan-tity | Function Space Rental |
|---|---|---|---|---|---|---|---|---|
Breakfast Meeting |
Per Day |
NA |
DD/CMP |
Not applicable |
NA |
NA |
NA |
50.00 |
— Breakfast Menu |
NA |
Per Person |
NA |
15.00 |
Price Override |
10.00 |
1 |
NA |
— Projector |
NA |
Each |
NA |
500.00 |
Per Person Allocation |
10.00 |
1 |
NA |
The items and values for the Happy Hour function are shown in the following table.
| Parent Function — Child Item |
Posting Rhythm | UoM | Applies To | List Price | Adjust-ment Type | Value | Quan-tity | Function Space Rental |
|---|---|---|---|---|---|---|---|---|
Happy Hour |
Per Stay |
NA |
CMP |
NA |
NA |
NA |
NA |
50.00 |
— Appetizers |
NA |
Per Person |
NA |
10.00 |
Price Override |
5.00 |
1 |
NA |
The items and values for the Meet and Greet function are shown in the following table.
| Parent Function — Child Item |
Posting Rhythm | UoM | Applies To | List Price | Adjust-ment Type | Value | Quan-tity | Function Space Rental |
|---|---|---|---|---|---|---|---|---|
Meet and Greet |
Per Day |
NA |
DD |
NA |
NA |
NA |
NA |
50.00 |
— Appetizers |
NA |
Per Person |
NA |
10.00 |
Price Override |
9.50 |
1 |
NA |
— Projector |
NA |
Each |
NA |
500.00 |
Per Person Allocation |
10.00 |
1 |
NA |
The nonfunction items and their values are shown in the following table.
| Item | Posting Rhythm | UoM | Applies To | List Price | Adjust-ment Type | Value | Quan-tity |
|---|---|---|---|---|---|---|---|
Tour Book |
Per Stay |
Per Room |
CMP |
100.00 |
Price Override |
75.00 |
1 |
Wi-Fi |
Per Day |
Per Person |
DD/CMP |
25.00 |
Price Override |
10.00 |
1 |
Valet Parking |
Per Day |
Per Person |
DD |
35.00 |
Price Override |
30.00 |
1 |
The sleeping room types and their values are shown in the following table.
| Item | List Price | Adjustment Type | Value |
|---|---|---|---|
Standard King |
Can vary by day. |
Price Override |
200.00 |
Deluxe King |
Can vary by day. |
% Discount |
10.00 |
For this example, the Package Price (Per Day) for each Sleeping Room Type is calculated as shown in the following table.
| Item | Standard King | Deluxe King |
|---|---|---|
SR Allocation |
200.00 |
Cannot be calculated because this value depends on the benchmark rate for the day on the quote. |
Function 1 - BF menu |
10.00 |
10.00 |
Function 1 - Projector |
10.00 |
10.00 |
Function 1 - Fxn Space Rental |
50.00 |
50.00 |
Function 2 - Appetizers |
2.50 |
2.50 |
Function 2 - Fxn Space Rental |
25.00 |
25.00 |
Tour Book |
37.50 |
37.50 |
Wi-Fi |
10.00 |
10.00 |
Package Price (Per Day) |
345.00 |
Cannot be calculated because the SR allocation is variable. |
For this example, the Package Price (Per Day) for DD is calculated as shown in the following table.
| Item | DD |
|---|---|
|
F1 - BF menu |
10.00 |
|
F1 - Projector |
10.00 |
|
F1 - Fxn Space Rental |
50.00 |
|
F3 - Appetizers |
9.50 |
|
F3 - Projector |
10.00 |
|
F3 - Fxn Space Rental |
50.00 |
|
Wi-Fi |
10.00 |
|
Valet |
30.00 |
|
Package Price (Per Day) |
179.50 |