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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?
Hotels operate 24/7, with guest check-in and check-out happening throughout the day. Importance of Night Audit in Hotel Operations It ensures rollover from one business day to the next day. It resolves room status and rate discrepancies. What is Night Auditing in the Hotel Industry? Verify no-shows of the day.
You don’t accept reservations at specific discounted rates for multiple night stays extending into the sold out period. Guests who want to stay beyond the maximum length of stay period can be charged rackrate for subsequent nights. Here’s how: 1.
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