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What is rackrate? The rackrate is the standard, undiscounted price for a hotel room. While its rare for guests to pay this rate, its a crucial benchmark for your pricing strategy. Rackrate vs bar rate and net rate So how does a rackrate differ from bar rates or net rates?
Make more money during peak season with direct bookings OTAs charge a 15-25% commission fee on every booking. You don’t accept reservations at specific discounted rates for multiple night stays extending into the sold out period. Instead of overbooking, look to your cancellation policies to make sure you don’t operate at a loss.
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