Types of Rates Flashcards
0
Q
Complete Meeting Package (CMP)
A
An all-inclusive plan offered by suppliers; includes lodging, all meals and support services.
1
Q
DMP
A
Day Meeting Package
2
Q
Daily Delegate Rate (DDR)
A
A package pricing offering in which hotels offer a rate per person, per day that often includes sleeping rooms, meeting space, meals and other services, as opposed to itemizing each cost individually.
3
Q
Per Diem vs. Per Person
A
Per day vs. per person
Ex. Meals
4
Q
Revenue per Available Room (RevPar)
A
How much money the hotels making off of each room
5
Q
Rack Rate
A
Facility’s standard, pre-established guest room rate (typical standard rate)
6
Q
Run of House
A
A group of random rooms
