Which term is used to designate a rate for business travelers?

• A. Corporate Rate
• B. Comp
• C. Walk-In
• D. Same Day

Answer: (A)

A corporate rate is a discounted price set through a hotel’s agreement with a company, designed specifically for employees traveling on business. It provides predictable, often lower rates and may include features like consolidated billing or easier expense handling, reflecting the needs of business travelers who frequently stay at the same properties. This makes it the best fit for designating a rate for business travelers. The other terms describe different ideas: a comp is complimentary and not a rate designation for business travel; a walk-in refers to a guest who arrives without a reservation and pays a rate at the desk; and a same-day rate relates to the timing of booking rather than the traveler type.