rack rate

(redirected from rack rates)

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.summithotels.ph and staying at this new property from April 1 to Sept.
Of course, big volume mid-size cars continued to attract higher rates at around 10.5-10.75% while entry level hatchbacks came in at 10.75-11.25% Repeated rate cuts in the next one year by the RBI led to more rationalisation and the rack rates hovered around 11-11.25% for entry level cars, 10.5% for B-segment cars, 10.25% for C-segment sedans and 10% for premium cars by September 2015.
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.
Hong Kong, Hong Kong S.A.R., April 28, 2015 --(PR.com)-- Hotel room prices vary widely from exorbitant rack rates to last minute bargain discounts.
OAKWOOD ASIASpend summer holidays at one of five fully equipped Oakwood-serviced apartments in India until August 31 and enjoy more than 40 per cent off rack rates. In addition to discounted rates at properties in Bengaluru, Mumbai and Pune, guests will enjoy food and beverage discounts along with complimentary daily breakfasts, internet connection and airport transfers.
Hotel rooms are selling at rack rates -- 20 to 25 per cent higher than usual."
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.