Rack Rate definition

Rack Rate means the rate for a hotel room before any discount is taken into account. The rack rate is posted on the wall or door of the hotel room itself as the maximum actual rate the hotel may charge for a room as required by ORC 3731.16.
View Source

Examples of Rack Rate in a sentence

  • Answer: Fees are based on the current Rack Rate, in accordance with your rental agreement; we reserve the right to discount rental rates depending on demand and market conditions.

  • The Hotel hereby agrees that Company representatives, of which an initial list is attached as Exhibit 12.5 hereto, shall have the right to stay in the Hotel while on Company business for the Hotel, up to 12 nights per annum, on an entirely complimentary basis, subject to availability, and thereafter to a 50% discount (from "Rack Rate") on Rooms, following subject to provision of reasonable advance notice to the Hotel and subject to availability.

  • Base pricing will be posted OPIS Rack Rate on the date of delivery.

  • Provide Rack Rate with a Differential Rate for all items on Attachment F, Price Schedule.