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Tourism & Hospitality vocabulary · Reservations & Rates

Rack rate

Meaning in tourism & hospitality, with examples

/ˈræk reɪt/nounCommon term

In tourism & hospitality, rack rate means: The hotel's full, standard price for a room before any discounts, special offers or contract rates are applied.

In Turkish: liste fiyatı, kapı fiyatı, resmi fiyat

How it is used

Used inside the hotel and in negotiations: discounts are calculated from the rack rate, and few guests actually pay it. The name comes from the rack at the front desk where room cards and prices were once kept.

Example sentences

  1. The rack rate for this room is 300 euros, but your corporate rate is 190.

  2. Walk-in guests are usually quoted the rack rate.

Common collocations

  • quote the rack rate
  • discount off the rack rate
  • below rack rate
  • published rack rate
  • room rateThe price a hotel charges for a room for one night, which can change with the season, room type and booking channel.
  • walk-inA guest who arrives at a hotel and asks for a room without having made a reservation.
  • allotmentA number of rooms that a hotel gives a tour operator or agency to sell for set dates at agreed rates under a contract.
  • early bookingBooking a holiday or hotel stay months in advance, often to get a discount offered for bookings made before a certain date.

More terms: Reservations & Rates

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