Configuring Hurdle Rates

Before any consideration is made concerning hurdle rates OPERA Cloud first checks its own rate availability controls to determine whether the rate code is open or closed and visible in rate availability . OPERA Cloud completes the following checks to determine whether or not a rate code is available:

• The Rate Code Start Sell and End Sell dates are valid.

• Pricing schedule for at least one room type is available for this rate code.

• During a Look To Book query, OPERA Cloud checks if the proposed reservation falls within the boundaries of these two fields, Max Rooms Sold and Actual Rooms Sold.

• OPERA Cloud’s normal rate availability status still applies and therefore the dates must at least be open.

Adding Hurdle Rates

1. From the OPERA Cloud Administration menu, select Financial, select Rate Management, and then select Hurdle Rates.

2. Click New.

3. Enter the required information.

   Fields	Description
   Property	Property for which hurdle rate needs to be added.
   Hurdle Date	Date when this hurdle rate is effective.
   Room Type	Select and choose the room type for this hurdle rate.
   Delta	Represents a monetary value, which is added to the hurdle rate for each additional room sold up to the ceiling. If the hurdle rate is set at $80.00 and the delta is $1.00, for the first room sold the rate value needs to be $80.00 or more. For the second room the rate value needs to be $81.00, for the third $82.00 and more up to the Ceiling at which time no additional delta values are added.
   Ceiling	Enter the number of rooms to be sold to which the delta value should be added. For example: Hurdle is $90.00 Delta is $5.00 Ceiling is 3 The first reservation must achieve the hurdle value of $90.00. The second reservation must achieve the hurdle value of $95.00. The third reservation must achieve the hurdle value of $100.00. The fourth reservation must achieve the hurdle value of $105.00. All subsequent reservations must achieve the hurdle value of $105.00 until maxsolds is reached, at which point the date is restricted.
   Max Rooms Sold	Enter the maximum number of rooms to be sold in the room types linked to the yield category.
   Actual Rooms Sold	Enter the actual number of rooms to be sold in the room types linked to the yield category.

4. Click Save.

Editing Hurdle Rates

1. From the OPERA Cloud Administration menu, select Financial, select Rate Management, and then select Hurdle Rates.

2. Select the hurdle rate, click the vertical ellipsis and select Edit.

3. Update configuration.

4. Click Save.