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Rack rate: How does it work for hotels?

Little Hotelier

What is rack rate? The rack rate 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. Rack rate vs bar rate and net rate So how does a rack rate differ from bar rates or net rates?

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Revenue management can sell a 3-star hotel room for 1000 euros a night: here’s how  

eHotelier

Revenue management can sell a 3-star hotel room for 1000 euros a night: here’s how - Insights There’s no limit to the rack rate if the demand is there. Revenue managers use data to predict market rates, not feelings.

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Hotel rack rates: What they are and the best strategies | Mews

MEWS

What are rack rates in hotels? Rack rates are essentially the starting point for a hotel room’s pricing — think of it as the highest price before any discounts or special promotions kick in. Sometimes you'll hear it called the walk-in rate or retail rate.

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Hotel Pricing Strategy: 9 Key Factors To Drive More Bookings

STAAH

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 revenue management for hotels.