Okuzeka
Tourism & Hospitality vocabulary · Sales & Revenue

Corporate rate

Meaning in tourism & hospitality, with examples

nounCommon term

In tourism & hospitality, corporate rate means: A special room price that a hotel agrees with a company for its employees' business trips, usually lower than the public rate.

In Turkish: kurumsal fiyat, firma fiyatı, anlaşmalı fiyat

How it is used

Sales managers negotiate corporate rates with companies that send many guests during the year, often with extras like free Wi-Fi or breakfast. A guest may say "I should be on the corporate rate" and give the company name, so the front desk checks the agreement.

Example sentences

  1. We've agreed a corporate rate of €95 a night for the bank's staff.

  2. Could you check whether my company has a corporate rate with your hotel?

Common collocations

  • negotiate a corporate rate
  • corporate rate agreement
  • corporate account
  • corporate client
  • rack rateThe hotel's full, standard price for a room before any discounts, special offers or contract rates are applied.
  • room rateThe price a hotel charges for a room for one night, which can change with the season, room type and booking channel.
  • net rateThe price a hotel charges a travel agency or tour operator without commission; the agency adds its own profit before selling to the guest.
  • invoiceAn official document that lists goods or services with their prices and taxes, and asks a company or person to pay or records the payment.

More terms: Sales & Revenue

Practise with graded reading

Reading at the right level is the fastest way to make new words stick. Pick free English books by level: