Definition

Noun: - The daily price charged for occupying a hotel room: This is the standard amount of money a hotel requires per day for the use of one of its rooms. The rate is typically determined by factors like room type, season, and hotel policies.

Usage

The term "room rate" is used when discussing, comparing, or inquiring about the cost of hotel accommodations. It is a standard term in the hospitality and travel industries. - It is commonly preceded by adjectives like daily, standard, discounted, or all-inclusive. - It is often used with verbs like charge, pay, offer, quote, and include.

Examples

• Noun:
  • The standard room rate for a double room is $150 per night.
  • Does the quoted room rate include breakfast and taxes?
  • We managed to get a discounted room rate by booking three months in advance.

Advanced Usage

• "to be quoted a room rate": to be given a specific price for a hotel room.
  • I was quoted a very reasonable room rate for my stay in January.
• "room rate variance": a term in hotel revenue management referring to the difference between the actual average room rate and a target or expected rate.

Variants and Related Words

• Rack rate (n): The standard, undiscounted published price for a hotel room before any discounts or promotions are applied.
  • The advertised price was the rack rate, but we found a better deal online.
• Average Daily Rate (ADR) (n): A key performance metric in the hotel industry calculated by dividing total room revenue by the number of rooms sold.
  • The hotel's ADR increased during the conference season.

Synonyms

• Tariff: An official list or table of prices or fares, often used in formal contexts for hotels or services.
• Nightly rate: A more informal phrase with the same meaning as "room rate."

Related Phrases

• Room and board: A phrase referring to the combined cost of lodging ("room") and meals ("board").
  • The university fee includes room and board.
• Rate parity: A pricing principle in the hotel industry where the same room rate is offered across all distribution channels (e.g., hotel website, online travel agencies).
  • The chain's rate parity agreement ensures prices are consistent everywhere.

Noun

1. the rate charged daily for a hotel room