Non Last Room Availability Meaning

Lra is short for last room availability at the contracted rate an agent can book the last room a hotel has available by right.

Non last room availability meaning.

What is the meaning definition of last room availability in the hospitality industry. Some people may be surprised by this thinking that a hotel has complete control over room booking decisions at their premises at all times. First of all the lra meaning is a short term for last room availability. Last room availability lra.

An agent can book the last room a hotel has available by right. Last room availability is a contracted rate. The meaning of last room availability. Electronic hotel room reservation system that provides the latest information on accommodation availability.

Last room availability rates the difierence between perceived and actual value last room availability rates when companies have negotiated last room availability lra rates which are often higher than non last room availability nlra rates they have the right to buy a room at their contracted terms and prices even if the hotel only has one room. Lra last room availability definition xotels glossary.