Configuring Rate Codes
For package rate codes ensure you have also completed the configuration of
Various types of rates can be configured
Rate Codes | Description |
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Standard Rate |
Enabled the entry of pricing schedules per seasons or date range for each room type. |
Daily Rates |
Enables entry of price per day for each room type. A maximum of 50 daily rate / advanced daily rate codes can be configured per property. |
Advanced Daily Base |
Advanced Daily Rate behaves like a regular Daily Rate except that the pricing schedule is derived from this Daily Base rate. Reservations made for an Advanced Daily rate have rate amounts that can vary for each night of the stay. Rate amounts are calculated based on the Daily Rate level available for each stay night. A maximum of 50 daily rates / advanced daily rate codes can be configured per property. |
Tiered Rates |
Tiered Rates enabled the configuration of pricing schedules per length of stay for each room type. |
Base (Derived) Rate |
Enables the pricing schedule to be derived from another (base) rate code. Any changes in the base rate's pricing schedule will automatically affect pricing on all derived rate codes. See Base Rates |
Dynamic Base (Derived) Rate |
Dynamic Base Rates calculate and display derived pricing during a rate and availability search. Dynamic Base Rates can be used with both standard rate pricing and the calculated dynamic base rate pricing simultaneously. The Compare with Rate Details option can be selected to force OPERA Cloud to compare the static rate code pricing and the dynamically calculated pricing and display the lowest price per day during the availability search in Look to Book.
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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 Cloud:
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Best Available Rate Based Rate |
Allows for configuration of pricing schedules based on the Best Available Rate . See BAR Based Rates |
Advanced Dynamic Base Rate |
An 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. |
Adding Rate Codes
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From the Administration menu, select Financial, select Rate Management, and then select Rate Codes.
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Click New and complete the following
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Rate Code Definition. See Configuring Rate Code Definition
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Financial Details. See Configuring Rate Code Financial Details
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Rate Code Type. See Configuring Rate Code Type
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Rate Sell Controls and Distribution. See Configuring Rate Sell Controls and Distribution.
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Packages
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Click New to add package items to include in the rate code.
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Select one or more package items or package groups.
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Click Attach
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Click vertical ellipsis and select Edit to update a package item
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Click vertical ellipsis and select Delete to delete a package item
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Click Save or Save and Goto Presentation to continue with the rate code configuration and add a pricing schedule
Editing Rate Codes
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From the Administration menu, select Financial, select Rate Management, and then select Rate Codes.
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Enter search criteria and click Search.
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From search results, select the rate code and click vertical ellipsis, select Edit.
Note:
All rate code detail links are available to view and update related rate code details. See the Rate Code Detail Links table below.
Table 13-21 Rate Code Detail Links
Rate Code Details | Profile Details | Billing |
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Pricing Schedule | Restrictions | Routing Instructions |
Deleting Rate Codes
A rate code cannot be deleted if any of the following apply
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The rate code is a base rate which has at least one derived rate code. Base rates are available when the Base Rates OPERA Control is active.
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The rate code is selected in a reservation for a future date, a reservation that is Due In or In House, or a reservation that is checked out on the current business date.
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The rate code is selected in a block with an end date greater than the current business date.
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From the Administration menu, select Financial, select Rate Management, and then select Rate Codes.
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Enter search criteria and click Search.
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From search results, select the rate code and click vertical ellipsis Actions menu, select Delete.
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Click Delete to confirm.
Related Topics
Parent topic: About Rate Codes