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Changing base price

Former Member
Former Member $organization

Hi,

Since we have been using Tessitura, base price indicators were attached to the highest price for each event.  But our Finance department now wants us to change to be our lowest price so Season Manager will jives with the actual budget done on lowest ticket price.  Are there any negatives to doing this mid-season?   My initial reaction is to wait until next season but if impact is minimal and benefits great, then now would be the time.

Thanks in advance for your words of wisdom.

Jeri

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  • Former Member
    Former Member $organization
    Ok, thanks for confirming that.  I also found in testing that Season Overview fields "Total unsold" and % actual also change when base price is adjusted.
     
    There is no issue with changing base prices but being mid-season, I wanted to make sure there were no potential repercussions to consider.

    From: Tessitura Technical Forum [mailto:forums-technical@tessituranetwork.com] On Behalf Of Kevin Sheehan
    Sent: Wednesday, January 05, 2011 2:42 PM
    To: Jeri Henderson
    Subject: RE: [Tessitura Technical Forum] Changing base price

    Yes, the revenue capacity is calculated based on the base price (in season overview and any report that lists that figure).  So if you decrease your base price you decrease your revenue capacity.  Did you ask because you don’t want to do that, you don’t want to do that mid-season, or some other reason?  Just trying to help get you the right answers.

     

    Kevin Sheehan

    Documentation & Learning Resources Specialist

    Tessitura Network

    +1 888 643 5778 x 329

    ksheehan@tessituranetwork.com




    This message was sent automatically to you by www.tessituranetwork.com because you subscribed to the Tessitura Technical Forum. You may reply to this message to post to the Technical forum or visit the site to search, read and post to the forums. In the interest of keeping the forum posts from becoming cluttered, we encourage you to delete previous message text from your reply before sending. Thank you!
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  • Former Member
    Former Member $organization
    Ok, thanks for confirming that.  I also found in testing that Season Overview fields "Total unsold" and % actual also change when base price is adjusted.
     
    There is no issue with changing base prices but being mid-season, I wanted to make sure there were no potential repercussions to consider.

    From: Tessitura Technical Forum [mailto:forums-technical@tessituranetwork.com] On Behalf Of Kevin Sheehan
    Sent: Wednesday, January 05, 2011 2:42 PM
    To: Jeri Henderson
    Subject: RE: [Tessitura Technical Forum] Changing base price

    Yes, the revenue capacity is calculated based on the base price (in season overview and any report that lists that figure).  So if you decrease your base price you decrease your revenue capacity.  Did you ask because you don’t want to do that, you don’t want to do that mid-season, or some other reason?  Just trying to help get you the right answers.

     

    Kevin Sheehan

    Documentation & Learning Resources Specialist

    Tessitura Network

    +1 888 643 5778 x 329

    ksheehan@tessituranetwork.com




    This message was sent automatically to you by www.tessituranetwork.com because you subscribed to the Tessitura Technical Forum. You may reply to this message to post to the Technical forum or visit the site to search, read and post to the forums. In the interest of keeping the forum posts from becoming cluttered, we encourage you to delete previous message text from your reply before sending. Thank you!
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