MODULE 2: ROOM RATES

Question 1

standard rate / published tariff. always without any discounts

Answer 1

RACK RATES

Question 2

offered to companies that provide frequent business for the hotel

Answer 2

CORPORATE RATES

Question 3

non-standard rates, special one-time rates for first-time corporate groups

Answer 3

ADHOC RATE CODE

Question 4

groups, meetings and conventions using the hotel for their functions

Answer 4

GROUP RATES

Question 5

offered during low occupancy periods to promote occupancy

Answer 5

PROMOTIONAL RATES

Question 6

offered to those in an association or holders of special membership cards/credit cards

Answer 6

INCENTIVE RATE CODE

Question 7

only open X days before arrival

Answer 7

EARLY BIRD RATE

Question 8

for families with children

Answer 8

FAMILY RATE

Question 9

includes a guest room in combincation

Answer 9

PACKAGE RATE

Question 10

lowest discount rate available for a day

Answer 10

BEST AVAILABLE RATES (BAR)

Question 11

zero room charge and is offered to special guests, industry leaders, etc

Answer 11

COMPLIMENTARY

Question 12

zero room charge for hotel purposes

Answer 12

HOUSE USE RATE

Question 13

system requirements for PMS, tagged to PX rooms, Paymaster rooms, and Postmaster rooms

Answer 13

ZERO RATE CODE

Question 14

special type of rate code whose values are derived from another rate code / rate group

Answer 14

VIRTUAL RATE / FOLLOW RATES

Question 15

this bar is opened and closed according to the occupancy of the hotel

Answer 15

DYNAMIC BAR

Question 16

pre-defined daily room rate regardless of room categories (run-of-the-house) occupancy

Answer 16

DAILY BAR

Question 17

this zero rate code room refers to guests who are being charged for something they didnt use (rebate charge)

Answer 17

PX ROOMS

Question 18

this zero rate code room is for groups and corporate accounts where they separate bills on their own

Answer 18

PAYMASTER ROOMS

Question 19

this zero rate code rooms is for guests who use the facilities without being checked-in yet, thus needing a separate bill

Answer 19

POSTMASTER ROOMS

Question 20

also known as consumption tax (12% in the ph)

Answer 20

VALUE-ADDED TAX

Question 21

fee collected to pay for services

Answer 21

SERVICE CHARGE

Question 22

no applicable taxes and service charge, meaning the raw rate

Answer 22

GROSS RATE

Question 23

taxes and service charges are incorporated

Answer 23

NET RATES