Configuring Rate Code Pricing Schedules

Pricing Schedules define the price for one or more room types for a specified season or date range. You can also select one or more package items for a pricing schedule when a special package entitlement for specific room types / date ranges apply. For example - you may wish to include Champagne for reservations in the Executive Suite only - the package item is therefore added at the pricing schedule level for the executive suite and not as a rate code inclusion for all room types.

You can also view the pricing schedules for externally protected rate code these are rate codes created and managed in an external solution integrated with OPERA Cloud.

When the Package Pricing and Availability Attributes OPERA Control is active the Minimum Nights, Maximum Nights, Minimum Guests and Max Guests configured in the package are displayed.

Adding Rate Code Pricing Schedule

From the Administration menu, select Financial, select Rate Management, and then select Rate Codes.
Enter search criteria and click Search.
In the search results, select a rate code and click the vertical ellipsis Actions menu and select Edit.
On the Rate Code presentation screen, click Pricing Schedules.
On the Pricing Schedules panel, click Search to view the existing Pricing Schedules.
Click New to enter new pricing schedule enter the following details as mentioned in the Table - Manage Pricing Schedule Fields and Description.
If applicable, in the Packages panel click Add to search for an existing Package Code to add to this specific pricing schedule. Select one or more package code from the list and click Attach to add the package items to the price schedule.

Note:
If a package element has already been added as a rate code inclusion and the same package element is added to a rate code pricing schedule, the nett room rate would then adjust for the price of two package elements (same package item sold twice on the rate). The packages visible in the list are those packages with a start and end date that encompass the dates for the pricing schedule being created.

Editing Rate Code Pricing Schedule

From the Administration menu, select Financial, select Rate Management, and then select Rate Codes.
Enter search criteria and click Search.
In the search results, select a rate code and click the vertical ellipsis Actions menu and select Edit.
On the Rate Code presentation screen, click Pricing Schedules.
On the Pricing Schedules panel, click Search to view the existing Pricing Schedules.
Select the schedule to update and click the vertical ellipsis Actions menu, then click Edit.
Update pricing schedule per the Table below.
Click Save.

Viewing Rate Code Pricing Schedules

To view the pricing of externally protected rate codes

From the Administration menu, select Financial, select Rate Management, and then select Rate Codes.
Enter search criteria and click Search.
In the search results, select a rate code and click the vertical ellipsis Actions menu and select Edit.
On the Rate Code presentation page, click Pricing Schedules.
Enter search criteria then click Search.
Select the schedule to view then click the vertical ellipsis Actions menu and select View.

Deleting Rate Code Pricing Schedule

From the Administration menu, select Financial, select Rate Management, and then select Rate Codes.
Enter search criteria and click Search.
In the search results, select a rate code and click the vertical ellipsis Actions menu and select Edit.
On the Rate Code presentation screen, click Pricing Schedules.
On the Pricing Schedules panel, click Search to view the existing Pricing Schedules.
Select the schedule to update and click the vertical ellipsis Actions menu, then click Delete.

Copying a Rate Code Pricing Schedule

From the Administration menu, select Financial, select Rate Management, and then select Rate Codes.
Enter search criteria and click Search.
In the search results, select a rate code and click the Vertical Ellipsis, click Edit.
On the Rate Code presentation screen, click Pricing Schedules.
On the Pricing Schedules panel, click Search to view the existing Pricing Schedules.
Select the schedule to update and click the vertical ellipsis Actions menu, then click Copy.
Update new schedule per the Table below.
Click Save.

Splitting Rate Code Pricing Schedule

Use this option to split a date range from the highlighted pricing schedule date range and then specify separate pricing schedule for the new date range. The Start Date of the new pricing schedule must be on or after the start date of the selected pricing schedule and the End Date of the new pricing schedule must be on or before the end date of the selected pricing schedule.

From the Administration menu, select Financial, select Rate Management, and then select Rate Codes.
Enter search criteria and click Search.
In the search results, select a rate code and click the vertical ellipsis Actions menu and select Edit.
On the Rate Code presentation screen, click Pricing Schedules.
On the Pricing Schedules panel, click Search to view the existing Pricing Schedules.
Select the schedule to update and click the vertical ellipsis Actions menu, then click Split.
Enter Start Date, End Date and pricing as required per the Table below.
Click Save.

Table 13-22 Manage Pricing Schedule Fields and Description

Field	Description
Dates	Season Code	Season codes are used to define a starting date and ending date for the highlighted pricing schedule. The pricing schedule can only be sold if the arrival and departure dates of a guest’s reservation fall within that time frame. If a season is entered, the Start and End Date fields automatically fill with the defined season’s begin and end date. If the Season field is not used in a new pricing schedule, you have the ability to change both the start and end dates.
	Start Date	Required field. The begin date that the pricing schedule is available. You can change dates for the pricing schedules, provided they do not overlap with another pricing schedule set with any of the same room types. If previously selecting a season code, the Start Date is already populated for you.
	End Date	Required field. The ending date that the highlighted pricing schedule is no longer available. If a season code has been entered, the End Date field is already populated for you.
	Days of the Week check boxes	Days of the week for which the specified pricing schedule may be sold. Mark the applicable days for each pricing schedule for the dates defined. The check boxes automatically default with each day marked for convenience.
Amounts	The Amounts section is for defining the rate amounts for room types based on the number of adults and/or children occupying the room.
Adults	1 Adult - 5 Adults. Flat or added rate amounts for 1- 5 adults for the highlighted pricing schedule. When a rate amount for 2 Adults through 5 Adults is not defined, OPERA Cloud will use the amount defined for 1 Adult.
Children in Own Room in cases	OPERA Cloud supports rates for children who are staying in a room with an adult or who are staying in a room alone without an adult. In cases where children are staying in a room with an adult, the Extra Child rate is used to determine the amount added to the adult rate. Children on Own: These rates are for children occupying the room without an adult. Extra Child: When there are children staying in the room with an adult, the rate for each child is determined by the child's age. The Extra Child rate is also used for children staying in their own room if no applicable "unaccompanied child" rates have been specified. For example, if 4 children are staying in their own room and rates for 1 Child, 2 Children, and 3 Children have been specified, but not a rate for 4 Children, the rate would be the rate for 3 Children plus the rate for 1 Extra Child.
Attributes	The Attributes section assists the user in noting additional information for the pricing schedule.
	Market Code.	Although a market code may have been defined in the Rate Code Definition, the user may have a situation where a different market code is required for a specified period of time. Enter the market code associated with the pricing schedule for the rate code. If a market code is defined on the rate code definition and on the rate schedule, the market code specified on the rate schedule overrides the rate code definition market code when auto- populating a reservation.
	Source Code	Source code associated with the pricing schedule for the rate code. If a source code is defined on the rate code definition, the source code on the pricing schedule overrides it.
	Room Types	Select the room types that are to be available for the pricing schedule set. The attached room types available for each pricing schedule displayed are automatically populated in this field once selected. You can add a new room type, provided that this room type does not yet have pricing schedules within the specified date range. You can also delete a room type from an existing pricing schedules. The room types available for a pricing schedules are the room types specified on the rate code definition.
	Packages	The Packages field is where package elements can be added or deleted to the active pricing schedules. If package elements have already been assigned to the rate code and then another package element has been added to the rate code’s pricing schedules set, the room rate would then include the two package elements, provided the reservation stay dates fell into the date range for that pricing schedule set. The packages visible are those packages for which a package start and end date that encompass the currently highlighted pricing schedule for the rate code. For same day or next day packages, you cannot delete a package that is currently being used by an inhouse reservation from the Pricing Schedule panel.