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PREVAILING RATE BY LOS Application Setting
Group. RATES |
Type. Function |
Application. PMS ORMS |
Description. Activate the Prevailing Rate By Length of Stay functionality.
Internal Name. PREVAILING_RATE_BY_LOS
Property Determination. With the activation of the Prevailing Rate by LOS application function, OPERA can create daily rate amounts per room type per length of stay based on bid prices/hurdle rates sent down by ORMS and the legacy revenue management system TopLine Profit (TLP), and other yield management systems. This functionality displays a specialized Rate Query Details screen displaying the prevailing rates for the guest’s requested arrival date, plus 3 days prior to and three days following the arrival date.
Activation / Inactivation Rules. |
<none> |
Available Values. |
Y- Yes N- No |
Add On Licenses/Country Specifics. |
Available when the when the ORMS OPO_, OPK_, and OPH_ license codes are active, or the TLP OPP_OPUS add-on license is active. |
Other Application Settings. |
When this function is active, users will see the setting PREVAILING RATE CODE. |
Affected Areas
Menus / Screens / Fields. |
Configuration>Rate Management>Rate Classifications>Rate Codes
Configuration>Setup>Business Events>Configuration>External System = Channel>Module = Rate>Apply Prevailing Rates
Configuration>Reservations>Room Classifications> Room Types>Property Level
F5>Rate Query |
Reports & Report Forms. |
<none> |
Permissions. |
<none> |
Other Areas. |
<none> |
