Rack rate: Difference between revisions
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''→ Go! [[:Category:Hotel info]]'' <br> | ''→ Go! [[:Category:Hotel info]]'' <br> | ||
== What is a rack rate?== | == What is a rack rate?== | ||
It is the standard rate or published tariff defined by the hotel management for a particular room category/type. This is what generally is shown on the tariff sheet of the hotel, on the website etc. These rates are always without any sorts of discounts, so they are kind of the maximum price, in most situations. So they say, you could consider them 'the ideal price' from | It is the standard rate or published tariff defined by the hotel management for a particular room category/type. This is what generally is shown on the tariff sheet of the hotel, on the website etc. These rates are always without any sorts of discounts, so they are kind of the maximum price, in most situations. So they say, you could consider them 'the ideal price' from management perspective. <br><br> | ||
The counterpart is the [[last-minute price]], though there are much more price systems than just these two. The relation between cost price, sales price and profit is to be found in [[RevPAR]].<br><br> | The counterpart is the [[last-minute price]], though there are much more price systems than just these two. The relation between cost price, sales price and profit is to be found in [[RevPAR]].<br><br> | ||
More info online on sites like: | More info online on sites like: | ||
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''→ GO! [[#top|Top of this page]]'' | ''→ GO! [[#top|Top of this page]]'' | ||
<center><small>''Emerald Forest Hotel'' | <center><small>''Emerald Forest Hotel'' offer an <font color="green">'''emerald''' </font color="green">hotel experience! | ||
| Run your own hotel in this management simulation.</small></center> | | Run your own hotel in this management simulation.</small></center> | ||
Revision as of 05:53, 30 June 2023
→ Go! Category:Hotel info
What is a rack rate?
It is the standard rate or published tariff defined by the hotel management for a particular room category/type. This is what generally is shown on the tariff sheet of the hotel, on the website etc. These rates are always without any sorts of discounts, so they are kind of the maximum price, in most situations. So they say, you could consider them 'the ideal price' from management perspective.
The counterpart is the last-minute price, though there are much more price systems than just these two. The relation between cost price, sales price and profit is to be found in RevPAR.
More info online on sites like:
Traveltips or Why are these rates so high?.
→ GO! Top of this page
