What is the meaning / definition of Package Rate in the hospitality industry?
A room rate that includes the sales of goods and services. The most common time of package rate is in an all-inclusive hotel where in the purchase of a room also includes a certain amount of drinks, meals and activities during a stay.
This option is popular amongst price-conscious travellers and families who want budget-friendly vacations. Other service or activities that may be included in the price is airport pickup, excursions, meal plans and other services. American or Modified American Plan are also commonly accoutred during these packages.