Travel glossary
Contracted rate
A contracted rate is a price agreed in advance between a travel business and a supplier, usually a hotel, for a set period and set terms.
DMCs and tour operators negotiate contracted rates in return for volume. Contracts often include allotments, release periods and seasonal pricing.
Related terms
Related terms
AllotmentAn allotment is a block of rooms or seats that a supplier holds for a …Release periodThe release period is the number of days before arrival by which a tra…Net rateA net rate is the price a supplier charges a travel agent or tour oper…DMC (Destination Management Company)A DMC is a company based in a destination that provides local ground s…
FAQ
Common questions
What is Contracted rate?
A contracted rate is a price agreed in advance between a travel business and a supplier, usually a hotel, for a set period and set terms.
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