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"rack rate" can be used in written English.
It is a business term that refers to the standard rate for a service or product, as if it were displayed on a rack. For example: The hotel's rack rate for the luxuary suite is $300 per night.
Dictionary
rack rate
noun
The published, full price for a room in a hotel that has not been pre-booked
Exact(60)
Current rack rate, $145.
Rack rate, $179 single, $199 double.
The chargemaster is like a supersonic rack rate.
This hotel has a rack rate of $220, before taxes (10percentt in Seoul).
Despite the budget rack rate, the 34-room Alicia in Madrid is no upgraded hostel.
The rack rate at the new Memphis property is $169, said Mr. Wilson.
The rack rate starts at 340 euros, based on double occupancy.
Out of curiosity, I asked about the rack rate, or published price.
-- The Westin Banyan Tree in Bangkok starts at $88, less than half the rack rate.
Savings range from a modest 10percentt off the rack rate to aggressive discounts, often with strings attached.
The W OPENED -- May 7 , 1999NUMBER OF ROOMS -- 423 PRICE -- The rack rate for the cheapest room is $209.
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