What best describes a negotiated rate?

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A negotiated rate refers to a specific pricing structure that is established through discussions or agreements between a hotel and a client, often catering to companies, organizations, or groups. This type of rate is customarily designed to offer benefits such as discounts or added features in exchange for a commitment to a certain volume of bookings or longer stays, typically customized for corporate travelers or large groups.

In the context of the other options, the standard price available to all customers does not capture the personalized nature of a negotiated rate. A negotiated rate is not a generic offer available to everyone but rather a tailored agreement. The assertion that it varies annually without notice is misleading; while negotiated rates may be subject to review and adjustment, they typically involve mutual agreement and communication regarding changes. Lastly, limiting the availability of a negotiated rate to holidays does not correctly reflect its nature, as such rates can be established for various times throughout the year, based on business needs rather than seasonal peaks.

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