What does the expression “average rate” mean?
The average rate of a type of room is the price of that room per day in a determined period. The average rate reflects the price variations of a room when the stay covers more than one rate group. In practical terms it is a valuable data at the time of comparing prices between hotels with different rate policies in their rate groups. 8. Which economic criteria is used as down payment for a reservation? The down payment for a reservation is a porcentage of the total of the reservation that depends on the rate group and the hotel. (in most of the hotels it is a 20% of the total) In all those cases in which this down payment does not exceeds the price corresponding to one night of stay, the hired hotel will have the right to charge the balance until covering the price of one night of stay in those cases of No Show. The “No Show” is the name given to the situation when the customer does not presents himself/herself at the hotel on the check in date without having submitted the cancellation
