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rack rate
(redirected from rack rates)

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rack rate

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



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The city offers many popular downtown hotels with regular hotel rack rates and fabulous amenities.
Coral Al Khoory Hotel Apartments celebrates its soft opening with an introductory 50 per cent discount on rack rates.
Rack rates Rack rates are like sticker prices on new cars: No one pays (or should pay) the price listed on the vehicle window or on the back of the hotel-room door.
 
 
 
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