rack rate
rack
ræk
rāk
rate
reɪt
reit
British pronunciation
/ɹˈak 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

example
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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