Glossary R

Room rates

Room rates are the various rates used by Lodging properties to price rooms. These
include: Day Rate (usually one half the regular rate FOR a Room used by a guest during
the DAY up to 17:00 (5 p.m.) sometimes called a use rate), flat rate (a specific room rate for a
group agreed upon by the hotel and group in advance), group rate (same as flat rate),
net group rate ( a wholesale rate for group business to which an operator may add a
markup if desired), net wholesale rate ( a rate usually lower than the group rate and
applicable to groups or individuals when a hotel is specifically mentioned in a tour
folder), and
published rate ( a full rate available to or advertised to the public-also
called the rack rate.)