rack rate

rack rate

Slang for rent at full asking price with only the minimal build-out or other allowances usually quoted to prospects. No concessions.

References in periodicals archive ?
As a former hotelier - admittedly not in Cardiff, but in the highly attractive tourist area of the Cotswolds, and formerly a hospitality manager in Cardiff 's world class concert hall - a room rack rate is the cost to the hotelier to provide, service, and maintain a room with additional charges for breakfast and room service etc.
The discounts were always anchored to the rack rate, which went up every year regardless of market realities.
SOUTH AFRICABook a minimum of two nights at Radisson Blu Cape Town until August 31 and receive 15 per cent off the rack rate.
The rack rate per night is Dh70,000 without taxes and Dh84,000 with taxes, including a 10 per cent service charge and 10 per cent municipality charge.
If we have a rack rate, hotel apartments and individual hotel companies can sell like Hilton and Sheraton in Jumeirah and not increase prices during high season," he explained.
Available on standard rack rate on a limited number of rooms on a bed and breakfast basis.
Discounting is one obvious way to fill rooms, after all, it's rare for anyone to pay the full rack rate these days.
The Ritz-Carlton Hong Kong also will be one of the most expensive places to stay in a city already packed with luxury hotels, with the rack rate starting at HK$ 6,000 ($770) a night for a deluxe room.
The prices you pay are calculated from hotel's published BB rack rate.
This may seem like nitpicking, but when the room has a rack rate of pounds 439 a night (go online, though, for better, much less expensive deals) you do expect more.
Do you know the difference between a rack rate and a rack rent?
The ministry then weighs the proposed rack rate against the hotel's quality before approving or rejecting the figure.