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 ?
Even with continued investment in the broadband system, Comporium plans to keep the rack rate for their broadband packages the same in 2018.
Rates stabilised a bit in the next couple of years and by February 2011 the rack rate range spanned 11.5 to 13.5% depending on vehicle type and loan tenure.
The jobber offers 1 cent over rack rate & the owner sets the fuel price.
Any invoices submitted for fuel that include costs in addition to the rack rate plus bid amount plus sales tax will be rejected.
The problem started in Lebanon in 2011 when the hotels began to lose guests, and so automatically hotels started lowering their room rates: the rack rate which was $200 went down to $150, a 25 percent decrease.
On the product pricing the sales team sticks to the rack rate, without any discounts being offered on loans and credit card products," said Parthasarathy.
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.
When bidding on fixed-fee engagements, many law firms estimate the number of hours and multiply by their rack rates. That is, the fixed fee is the "billable hour in disguise" and driven by the rack rate.
“When you just show up without a booking, and ask the receptionist for the room rate, they give you the walk-in rate, also called the 'rack rate.' Rack as in reckless.
Lateral integration: Success inside and out Rack rate fiction (Part 1)
At a Glance What: A luxury palace resort hotel Where: Udaipur, Rajasthan Contact: (0294) 242 8800; email: lakepalace.udaipur@tajhotels.com Cost: Rack rate starts with the Luxury Garden View Rooms at Rs.