The rack rate is the standard and most expensive quoted rate for one night's lodging and is the most profitable rate for a property.

Name: The rack rate is the standard and most expensive quoted rate for one night's lodging and is the most profitable rate for a property.
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Question

Quizplus · Accepted Answer

The rack rate is the highest published rate for a room, often used as a starting point for discounts, making it potentially the most profitable if sold at that rate.

The Rack Rate Is the Standard and Most Expensive Quoted