Rack rate

From Emerald Forest Hotel
Revision as of 05:53, 30 June 2023 by Vinkesteijn (talk | contribs)
Jump to navigation Jump to search

→ 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

Emerald Forest Hotel offer an emerald hotel experience! | Run your own hotel in this management simulation.