rack rate

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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.

References in periodicals archive ?
This approach is substantially better than the standard practice of annual rate negotiations premised on fictional rack rates, but it is still suboptimal.
com)-- Hotel room prices vary widely from exorbitant rack rates to last minute bargain discounts.
Grande Shores Stay in oceanfront and ocean view one-, two- or three-bedroom condos and standard hotel rooms for 20 percent off our rack rates.
Recent data indicates that the retail sector in Dubai enjoyed substantial increases in both sales and footfall last year, and the emirates' hotels continued to raise rack rates while maintaining high occupancy rates.
Mind you, having seen 'Midnight Express' I'd probably baulk at staying at the former Ottoman prison in Istanbul: though with rack rates at the Four Seasons running into the thousands, it seems some people aren't phased by it.
The rack rates have lost meaning because there is so much of discounting underneath through promotion, free minutes and freebies," Gupta added at the sidelines of a function here.
The rack rates at some facilities vary between the winter and the summer, such as golf and football.
Bill Long, the hotel general manager, said, 'We realise what an important part of the community the University of Maryland is here in Greenbelt and we wanted to offer a special rate to students and their friends and family that is a savings of up to 25 percent off the hotel's regular rack rates.
Room rates start reportedly in the USD280 region [ETH] rack rates it should be pointed out [ETH] but contract rates for tour companies and corporate businesses will undoubtedly reflect a more realistic level of charges.
For a small annual fee, members can enjoy discounts of up to 50 per cent on Green Fees at more than 2,500 golf clubs in 112 countries around the world plus up to 50pc discount off rack rates at more than 6,200 hotels and golf resorts," he added.
For families traveling with more than one child, a connecting room is available at 50 percent off rack rates for kids occupying the room.
Resort & Spa offers 40 percent off rack rates and Pebbles Resort offers 55 percent off rack rates when visiting now through April 8, 2010.