1. User Guide
  2. Administration
  3. Financial Administration
  4. Rate Management
  5. About Rate Codes
  6. Configuring Rate Codes
  7. Configuring Rate Code Type

Configuring Rate Code Type

Before changing a rate code type, ensure no pricing schedules exist.

Editing Rate Code Type

  1. From the Administration menu, select Financial, select Rate Management, and then select Rate Codes.

  2. Enter search criteria and click Search.

  3. From search results, select the rate code and click vertical ellipsis, select Edit.

  4. On the Rate Code presentation page click the Rate Code Type details link.

  5. Click Edit.

    1. Standard Rate: Select to configure a standard rate code with pricing schedules by date range per room type.

    2. Best Available Rate: Allows for configuration of rate codes that are selected for Best Available Rate comparison. (Available when the Best Available Rate OPERA Control is active). For more information, see Configuring Best Available Rate Schedules.

    3. Daily Rates: Select the configure a Daily Rate code. Allows for configuration of pricing schedules (rate amounts) rate amounts per day. (Available when the Daily Rates OPERA Control is active) . For more information, see Configuring Daily Rates

    4. Advanced Daily Base: Select this check box if the rate is an Advanced Daily Base rate. In the pricing schedule each Advanced Daily Base rate will be configured as a separate rate level. Using the Advanced Daily Base rate, you can configure as many rate levels as needed. When Advanced Daily Rates are configured, these will use these Advanced Daily Base rate levels as its base rates. (Available when the Advance Daily Rates OPERA Control is active)

    5. Advance Daily Rate: An Advanced Daily Rate behaves like a regular Daily Rate with the exception that its pricing schedule is populated by indicating the Daily Base Rate for each date instead of manually entering the pricing schedule. (Available when the Advance Daily Rates OPERA Control is active). For more information, see Configuring Advanced Daily Rates.

    6. Tiered Rate: Allows for configuration of pricing schedules (rate amounts) based on length of stay periods. (Available when the Rate Tiers OPERA Control is active). For more information, see About Tiered Rate Codes

    7. Base Rate: Allows for configuration of pricing schedules (rate amounts) derived from another rate code (Available when the Base Rates OPERA Control is active). For more information, see Base Rates.

    8. Best Available Rate Based Rate: Allows for configuration of pricing schedules (rate amounts) derived from the Best Available Rate (Available when the Best Available Rates OPERA Control is active). For more information, see BAR Based Rates.

    9. Dynamic Base Rate: Allows for configuration of pricing schedules (rate amounts) as base and standard rates. It provides the ability to compare between the two for the lowest rate to be displayed in the sales screen. (Available when the Dynamic Base Rate OPERA Control is active). For more information, see Dynamic Base Rates

    10. Advanced Dynamic Base Rate: Allows for configuration of pricing schedules (rate amounts) comprised of base rate or standard rates by date range. (Available when the Advanced Dynamic Base Rate OPERA Control is active). For more information, see Advanced Dynamic Base Rates.

  6. Click Save.

Parent topic: Configuring Rate Codes