Okuzeka
Tourism & Hospitality vocabulary · Reservations & Rates

Rate plan

Meaning in tourism & hospitality, with examples

nounCommon term

In tourism & hospitality, rate plan means: A defined pricing structure for a room or package, including conditions such as meals, cancellation terms, and booking rules.

In Turkish: fiyat planı

How it is used

Used in booking engines, OTAs, and PMS setups to separate flexible, non-refundable, package, corporate, or meal-included offers.

Example sentences

  1. The reservations team created a new rate plan for winter weekends that bundled breakfast, parking, and late check-out.

    Here the term means a sellable product with a specific price and included benefits, not just a single room rate.

  2. Before loading the promotion online, the revenue analyst checked whether the rate plan allowed free cancellation until 6 p.m.

    In this sentence, it refers to the booking rules attached to the offer, especially cancellation conditions.

Common collocations

  • create a rate plan
  • flexible rate plan
  • non-refundable rate plan
  • meal-inclusive rate plan
  • room rateThe price a hotel charges for a room for one night, which can change with the season, room type and booking channel.
  • corporate rateA special room price that a hotel agrees with a company for its employees' business trips, usually lower than the public rate.

More terms: Reservations & Rates

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