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 | It is the standard rate or published tariff defined by the hotel management for a particular room category/type. 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 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: | ||
[http://traveltips.usatoday.com/rack-rate-hotels-107299.html Traveltips] or [http://mentalfloss.com/article/74828/why-are-hotel-rack-rates-so-exorbitantly-high Why are these rates so high?]. | [http://traveltips.usatoday.com/rack-rate-hotels-107299.html Traveltips] or [http://mentalfloss.com/article/74828/why-are-hotel-rack-rates-so-exorbitantly-high Why are these rates so high?]. | ||
Revision as of 12:23, 29 August 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. 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
