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Interesting use of the term Rack Rate in the article -- I had to google it: The published, full price for a room in a hotel that has not been pre-booked [1] [1
by ochoseis 11y ago
Interesting use of the term Rack Rate in the article -- I had to google it: The published, full price for a room in a hotel that has not been pre-booked [1]
[1] http://en.wiktionary.org/wiki/rack_rate http://en.wiktionary.org/wiki/rack_rate
- to3m 11y ago"the official or advertised price of a hotel room, on which a discount is usually negotiable."
- bdcravens 11y agoLook on the door in the room, and it'll show the rate, which is typically far greater than what you paid (typically 2-3x)
- calebm 11y ago"Rake Rate" is a pretty standard term in consulting.
- chrisbennet 11y agoI had never heard of that phrase before either - and I'm a consultant. ;-)