Difference between revisions of "Rack rate"
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Emerald Forest Hotel offer an emerald hotel experience!
| Run your own hotel in this management simulation.
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[[Category:Hotel info]]__NOTOC__ __NOEDITSECTION__ | [[Category:Hotel info]]__NOTOC__ __NOEDITSECTION__ | ||
''→ Go! [[:Category:Hotel info]]'' <br> | ''→ Go! [[:Category:Hotel info]]'' <br> | ||
== What is | == What is the rack rate?== | ||
It is the standard rate or published tariff defined by the hotel management for a particular room category/type. These rates are always without any | It is the standard rate or published tariff defined by the hotel management for a particular room category/type. These rates are always without any sort of discount, so they are kind of the maximum price in most situations. So they say, you could consider them 'the ideal price' from a management perspective. <br><br> | ||
The counterpart is the [[last-minute price]], though there are | The counterpart is the [[last-minute price]], though there are many more pricing systems than just these two. The relationship among cost (price), sales price and profit is to be found in [[RevPAR]].<br><br> | ||
More info online on sites like: | More info online on sites like: | ||
[http://traveltips.usatoday.com/rack-rate-hotels-107299.html Traveltips] or [http://mentalfloss.com/article/74828/why-are-hotel-rack-rates-so-exorbitantly-high Why are these rates so high?]. | [http://traveltips.usatoday.com/rack-rate-hotels-107299.html Traveltips] or [http://mentalfloss.com/article/74828/why-are-hotel-rack-rates-so-exorbitantly-high Why are these rates so high?]. | ||
Latest revision as of 07:55, 11 September 2023
→ Go! Category:Hotel info
What is the rack rate?
It is the standard rate or published tariff defined by the hotel management for a particular room category/type. These rates are always without any sort of discount, so they are kind of the maximum price in most situations. So they say, you could consider them 'the ideal price' from a management perspective.
The counterpart is the last-minute price, though there are many more pricing systems than just these two. The relationship among cost (price), sales price and profit is to be found in RevPAR.
More info online on sites like:
Traveltips or Why are these rates so high?.
→ GO! Top of this page
