The Open Dictionary

rack rate

noun

UK/ˈræk ˌreɪt/
US/ˈræk ˌreɪt/

Definitions of rack rate noun

  1. CountableUncountable

    The standard price a hotel advertises for a room, before any discounts or special offers are applied.

    • This hotel group offers rooms for £29, while the rack rate is typically £90.

    • Very few people pay the rack rate these days due to the prevalence of weekend, last-minute, and online-only deals.

    • Many hotels offer discounts below their rack rates during the off-season.