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 ?
The Gevora will have 528 rooms and have rack rates from Dh600 a night to Dh2,000 for a two-bedroom unit.
Gregorio announced that Summit Galleria Cebu was offering a soft opening promo, slashing 60 percent off rack rates for all room types-including complimentary breakfast and signature guest perks for those booking direct at www.
25% Repeated rate cuts in the next one year by the RBI led to more rationalisation and the rack rates hovered around 11-11.
Individuals get rack rates while corporate rates goes down by 15 to 20 percent.
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.
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.
To empower women with the power of mobility a discount of 25% will be offered on the rack rates to teaching them safe "car driving" at all MDS across the country.
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.