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.
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.
The discounts were always anchored to the rack rate, which went up every year regardless of market realities.
Lateral integration: Success inside and out Rack rate fiction (Part 1)
com Cost: Rack rate starts with the Luxury Garden View Rooms at Rs.
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.