Word forms: (regular plural) rack rates
nounRelated wordsCompare rack rate with corporate rate, which is the price charged to a guest who is staying at a hotel while traveling
for business, and walk-up rate, which is the price charged to a guest who arrives without a reservation. (Hospitality (hotel): Hotel facilities, business center) The rack rate is the normal price of a hotel room, before any discount.
⇒ A second room can be reserved at a 50 percent discount off the rack rate. ⇒ Rack rates for a hotel room start at $220 a night. ⇒ The rack rate is the highest price at the hotel, without any discounts.
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