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Rack rate
The price that a hotel charges the customer for a room before any discount has been taken into account; a published rate for a room, sometimes set artificially high and used to calculate different types of discounts.
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- Part of Speech: noun
- Synonym(s):
- Blossary:
- Industry/Domain: Travel; Tourism & hospitality
- Category: Hotels
- Company:
- Product:
- Acronym-Abbreviation:
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