rack rate
Pronunciation
/ɹˈæk ɹˈeɪt/

Definition & Meaning of "rack rate"in English

Rack rate
01

the standard or published price for a hotel room or service before any discounts or special offers are applied

Grammatical Information
Animacy status
Abstract
Composition
Compound
Countable
Plural form
rack rates
Examples
The hotel 's rack rate for a standard room was $ 200 per night, but they were offering a discounted rate for guests who booked in advance.
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