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Net Rate

Net Rate refers to the final price or rate offered to a customer after deducting any discounts, commissions, or fees. In the context of chatlyn, Net Rate could indicate the cost to the end-user after considering any adjustments or deductions made within the platform's pricing structure. This may include factors such as promotional discounts, loyalty rewards, or special offers tailored to individual customers or market segments.

What is a net rate in the hospitality industry?

A net rate in the hospitality industry refers to the final price or rate offered to a customer after deducting any discounts, commissions, or fees.

How is the net rate calculated in hotel bookings?

The net rate in hotel bookings is typically calculated by subtracting any discounts, commissions, or fees from the base rate, resulting in the final price paid by the customer.

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