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What is the meaning / definition of Rate Integrity in the hospitality industry? A term used to value a hotels rates and not allow dramatic discounts for better long-term revenue results for the hotel and the surrounding area and competition. Also used to justify the reason for a discount of rack [...]

What is the meaning/ definition of Rate Hurdle in the hospitality industry? The term Rate Hurdle also known as Lose-It Rate refers to a type of rate that sets a threshold that must be crossed by the channel manager to reserve a room. It generally frames the case at which a [...]

What is the meaning / definition of Rate Fences in the hospitality industry? Rate Fences are rules that apply to rates. Meaning that to book a certain rate, there will be specific conditions that will apply to your reservation. If a hotel discounts a standard rack rate for a specific time [...]

What is the meaning / definition of Rack Rate in the hospitality industry? When it comes to setting prices for rooms, establishing the highest rate is important. This rate is called the Rack Rate, and it is from this maximum price that all other rates take their lead. But that is not [...]