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Rack Rate – Glossary Definition

Rack Rate – Glossary Definition

Summary:

Want the definition of rack rate? Learn the meaning of rack rate and get a better understanding of this travel glossary term!

Wondering about the definition of rack rate? Keep reading to learn the meaning of rack rate, see some examples, and get a better understanding of this travel glossary term!

luxury resort hotel high rack rate definition
A luxury resort hotel like this will likely have a high rack rate. Taken by Gabriel Ghnassia via unsplash.com. [Public Domain].

What is the Rack Rate?

In hotel parlance, the rack rate is the list price (published price) of a hotel room before any discounts or promotions.

The rack rate is often much higher than any guest will pay, unless the guest books at the last moment, for example.

More on Rack Rates

Rack rates have been referred to as walk-up rates, meaning “they would be quoted to travelers who arrived without a reservation,” says USA Today.

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