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rack rate

Syllabification: rack rate

Definition of rack rate in English:

noun

The official or advertised price of a hotel room, on which a discount is usually negotiable.
Example sentences
  • Hotels may try to convince you that the rack rate is their typical room rate, but it's not.
  • The hotel's rack rate is $275 that can be negotiated as low as $80 including meals.
  • The normal rack rate for 2002 has been determined at N $600-00 per person per day, also for bed & breakfast in shared accommodation.

Definition of rack rate in:

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