rack rate - 11/06/04 05:01 PM
full hotel room price before discounts: the full price chargeable for a hotel room before any discounts
İMSN Encarta
this term only shows up online at Encarta and travel glossaries, but a reader suggests it relates to:
rack-rent
(also rack rent or rackrent)
a rent equal or nearly equal to the full annual value of
the property: an excessive or unreasonably high rent;
spec. in English law, a rent of at least two thirds of
the annual value of the property
has anyone come across either term?
İMSN Encarta
this term only shows up online at Encarta and travel glossaries, but a reader suggests it relates to:
rack-rent
(also rack rent or rackrent)
a rent equal or nearly equal to the full annual value of
the property: an excessive or unreasonably high rent;
spec. in English law, a rent of at least two thirds of
the annual value of the property
has anyone come across either term?