Let the system manage those calculations

OVOS offers specialised features for mixed-use properties that handle both condo units and hotel rooms. It includes contract-driven reservation management, automatic inventory rotation, and on-demand and scheduled financial statements.

As an OPERA Property Management System customer, the OPERA Vacation Ownership System is available to you by simply activating an additional licence code.

This powerful and integrated module enables easy management of the increasingly complex vacation ownership business – a business that continues to grow in diversity, with owners given the option to join rental pools, obtain fractional ownership of a unit or simply just make use of the hotel services while staying in their own unit, and all options with a wide variety of ways to calculate that revenue sharing!

What can OPERA Vacation Ownership System offer you?

• Management of owned units within a hotel or units-only environment
  
• Management of full or fractional owner contracts, with associated revenue distribution and necessary correspondence
  
• Management of rental pools, with associated revenue distribution and necessary correspondence
  
• Management of fees and deductions specified by owner contracts
  
• Rotation scheme that secures ‘fair share’ for all owners
  
• Owner’s online access to view revenue accumulation and create own bookings
  
• Easy to use OPERA Vacation Ownership Dashboard

OPERA Vacation Ownership System is entirely integrated in OPERA Property Management System and requires little effort to deploy.

The added benefit of using one system for the entire rooms operation is that it empowers the hotel employees to easily deliver the appropriate service to both owners and hotel guests, while OPERA Vacation Ownership System handles the complex revenue distribution in the background.

With MICROS’s experience in Property Management Systems, OPERA Vacation Ownership is a natural extension of our core business, just like it is for your hotel operations. Understanding our customer’s operational needs is what has made us the market leader in hospitality technology, and like our other products, OPERA Vacation Ownership has been developed based on the diverse needs of our customers.

In connection with OPERA Vacation Ownership implementation, we also offer consultancy services to assist with advice on best practises.
Key OVOS benefits at a glance:
- Mixed-use and full ownership environment management
- Full contract terms configurability and rules-based operation
- Installed and configured on the same database as OPERA