0 the official price that a hotel advertises for a room, not including any special offer or price reduction:
1 the normal price for a hotel room, before any reductions are made:
£241 was the "rack rate" for a double room at Waterloo's fanciest hotel.
Rack rates here look extortionate, but walk-in rates (including breakfast and valet parking) are often lower, especially at weekends and in the winter.
Is there really a market here for a five star hotel commanding a rack rate of £300-£450 a night?
The website showed a basic rate for the room of $90 - $4.55 more than the hotel's "rack rate" of $85.45.
