Hotel Revenue Glossary · Segmentation

Rate Code

An alphanumeric code in the PMS that identifies a specific rate plan and its associated pricing rules, restrictions, and commission structures. Each rate code links to a rate level, cancellation policy, and segment classification.

Why it matters: Rate codes are the building blocks of pricing structure in the PMS. Proper rate code management ensures that revenue is tracked by the correct segment, commissions are calculated accurately, and rate analysis reflects the true mix of business.

All glossary terms Source Code Market Segment PMS (Property Management System)