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What is rackrate? The rackrate is the standard, undiscounted price for a hotel room. While its rare for guests to pay this rate, its a crucial benchmark for your pricing strategy. Rackrate vs bar rate and net rate So how does a rackrate differ from bar rates or net rates?
Hotel room pricing refers to the process of determining the rates for hotel rooms based on a number of factor, the price of a hotel room is the amount that guests must pay to stay in a hotel room for a certain period of time. Hotel room pricing is a critical element of revenuemanagement for hotels.
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