About Rate Codes

Rate codes form the core of OPERA Cloud reservation and block modules. Rate codes are used to define the various prices for each room type over a particular date range or rate season.

Rate codes can be configured in multiple currencies when the Ability to Quote Rates in Foreign Currencies OPERA Control is active. For overseas agents, where contracts may be negotiated in US dollars, a separate rate code in US dollars can be added that will be converted to local currency using a predefined exchange rate. The conversion to local currency can be defined as fixed at check in, fixed at time of reservation, current date, or fixed at block.

Rate codes are also used to support property packages that include food, beverage, leisure or other elements. By associating package elements with a rate code, it is possible to build a package of entitlements for a guest staying on the rate.

Note:

Rate codes and related pricing schedules are purged 60 days from their end date.

• Base Rates
  
• Dynamic Base Rates
  
• Configuring Advanced Daily Rates
  
• Advanced Dynamic Base Rates
  
• About Best Available Rates
  
• Dynamic BAR Based Rates
  
• BAR Based Rates
  
• Configuring Rate Codes
  
• Configuring Multi Transaction Code Rate Codes
  
• Configuring Daily Rates
  
• Configuring Best Available Rate Schedules
  
• About Occupant Threshold Pricing
  
• Age Buckets
  
• About Rate Code Posting Rhythms
  
• Configuring Advanced Rate Code Posting Rhythms
  
• Rate Ownership
  
• About Tiered Rate Codes