Rack rate is a hotel accommodations term. It begins with the letter R.
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The bar rate is the discounted rate offered by hotels to travel agents and corporate clients, typically lower than the standard pricing. In contrast, the rack rate is the hotel's published or maximum price for a room, usually not subject to discounts. Essentially, the bar rate is a negotiated rate, while the rack rate serves as the baseline for pricing.
Rack Rate
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You mean hospitality industry? Hotel, restaurants etc...
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a sack that carries things like a rack
THESE ARE THE GUESTS WHO ARE NEITHER COMING FROM A COMPANY NOR ORGANIZATIONS AND THEY GENERALLY PAY THE RACK RATE (rack rate is the rate which is printed/published tariff of a hotel) Refer Sudhir Andrews, Front office manual
Before computers and electronic displays were up, and before the hotel industry talked about revenue management, hotels were operating with only one rate. Hotels used to print their house rates on brochures which are then placed on a brochure rack. These rates are usually the highest, as innkeeper's friends will have gotten a discount off the usual rates. Thus, if a guest checks-in without any prior reservation, he will be shown the rate on the brochure on the rack (i.e. not a preferential rate). Thus the advent of the term "Rack Rate"
The price a hotel charges for a room before any discount has been taken into account. The published rate for a room, sometimes set artificially high and used to calculate a variety of discounts.
My independent mechanic charged me $400 for my amanti rack replacement.