rack rate
Pronunciation
/ɹˈæk ɹˈeɪt/
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.
Despite the high rack rate during peak tourist season, many travelers were willing to pay the premium for the convenience and amenities of the resort.
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