Traditional Culture Encyclopedia - Hotel franchise - What does rack price mean?

What does rack price mean?

The retail price refers to the price of goods clearly stated in the store.

For example, hotels, scenic spots, shops, etc. are all marked with rack prices. The hotel's rack rate is the price clearly marked in the hotel lobby. Correspondingly, there are member prices and online prices. The rack rate of most hotels is about 30 yuan more expensive than the room rate booked online. Therefore, for self-guided tours that want to save money, booking at rack rate is not advisable.

The hotel's rack price is generally much higher than the actual reservation price, especially for star hotels in Guilin. For example: Guilin Qisheng Business Hotel's standard room and double bed, the gateway price is RMB460, while the online booking price is RMB120; the ordinary standard room in Guilin Sunshine Hotel, the retail price is RMB1280, the online price is RMB300, it can be seen that the hotel's retail price The price is very different from the online booking price.