Room rate is a price of charged for the overnight accommodation. The cost structure of the hotel include the minimum rate for all the room. And competition in the market help to established it's maximum rate. The room rate in the hotel various because of the various factor. The hotel usually designed a standard rate for each room which is known as rack rate. Basically there are three types of room rate they are;
i) Maximum Rate
This is the non discounted fixed rate which is printed on the traiff card. Normslly, the hotel charge this rate in the normal case. This rate is also known as standard rate/rack rate/printed rate.
ii) Moderate Rate
These are the rate which are neither too high nor too low. These rates are fixed with any agency or company for a certain period of time.This rate are also knownas contracted rate.
iii) Minimum Rate
These are very low,high discounted rate. Hotel mainly provide these type of rate for the group guest, CIP, guest or to the repeated guest.
Some other type of room rate in Star Hotel
i) Cribe Rate
ii) Seasonal Rate
iii) Occasional Rate
iv) Group Rate
v) Complementary Rate
vi) Arline Rate
vii) Extra Bed Rate
viii) Day Rate
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