MODULE 2: ROOM RATES Flashcards
standard rate / published tariff. always without any discounts
RACK RATES
offered to companies that provide frequent business for the hotel
CORPORATE RATES
non-standard rates, special one-time rates for first-time corporate groups
ADHOC RATE CODE
groups, meetings and conventions using the hotel for their functions
GROUP RATES
offered during low occupancy periods to promote occupancy
PROMOTIONAL RATES
offered to those in an association or holders of special membership cards/credit cards
INCENTIVE RATE CODE
only open X days before arrival
EARLY BIRD RATE
for families with children
FAMILY RATE
includes a guest room in combincation
PACKAGE RATE
lowest discount rate available for a day
BEST AVAILABLE RATES (BAR)
zero room charge and is offered to special guests, industry leaders, etc
COMPLIMENTARY
zero room charge for hotel purposes
HOUSE USE RATE
system requirements for PMS, tagged to PX rooms, Paymaster rooms, and Postmaster rooms
ZERO RATE CODE
special type of rate code whose values are derived from another rate code / rate group
VIRTUAL RATE / FOLLOW RATES
this bar is opened and closed according to the occupancy of the hotel
DYNAMIC BAR
pre-defined daily room rate regardless of room categories (run-of-the-house) occupancy
DAILY BAR
this zero rate code room refers to guests who are being charged for something they didnt use (rebate charge)
PX ROOMS
this zero rate code room is for groups and corporate accounts where they separate bills on their own
PAYMASTER ROOMS
this zero rate code rooms is for guests who use the facilities without being checked-in yet, thus needing a separate bill
POSTMASTER ROOMS
also known as consumption tax (12% in the ph)
VALUE-ADDED TAX
fee collected to pay for services
SERVICE CHARGE
no applicable taxes and service charge, meaning the raw rate
GROSS RATE
taxes and service charges are incorporated
NET RATES
