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ochoseis
on May 1, 2015
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Talking About Money
Interesting use of the term Rack Rate in the article -- I had to google it: The published, full price for a room in a hotel that has not been pre-booked [1]
[1]
http://en.wiktionary.org/wiki/rack_rate
to3m
on May 1, 2015
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"the official or advertised price of a hotel room,
on which a discount is usually negotiable
."
bdcravens
on May 1, 2015
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Look on the door in the room, and it'll show the rate, which is typically far greater than what you paid (typically 2-3x)
chrisbennet
on May 2, 2015
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I had never heard of that phrase before either - and I'm a consultant. ;-)
calebm
on May 1, 2015
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"Rake Rate" is a pretty standard term in consulting.
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[1] http://en.wiktionary.org/wiki/rack_rate