Last Room Availability Means

Last room availability lra is a negotiated hotel rate clause that has been around for a long time.

Last room availability means.

A feature of a gds allowing up to the minute information on the number of rooms available at a hotel. This acronym slang usually belongs to common category. Within a corporate travel programme last room availability or lra means that as long as a hotel has a room for sale even one room then parties with an lra contract have a right to buy it at their contracted terms and prices. Last room availability is a contracted rate.

In practice it means that as long as a hotel has a room for sale then anyone with an lra contract has the right to buy it at their contracted terms and prices. Some people may be surprised by this thinking that a hotel has complete control over room booking decisions at their premises at all times. What it means to your business back in the old days the last room availability lra was mainly associated with hotel revenue management. Lrais short for last room availability.

An agent can book the last room a hotel has available by right. The negotiated rate is available to travellers at the discretion of the hotel. Usually used for group business. However it is becoming an important factor in the negotiations between online travel agents ota and the hotel establishments.

At the contracted rate an agent can book the last room a hotelhas available by right. A combination of negotiated and group rates that allow agents to book a hotel s last available room at a contracted rate. Means a feature of a gds allowing up to the minute information on the number of rooms available at a hotel. But because of lra this is not necessarily always the case.

Usually if a company insists on the rate being lra then the rate the hotel gives them will be higher. Last room availability means that the hotel will not close out the availability of that particular room rate deal until all the rooms in the hotel have been sold. Last room availability lra. Nlra is the opposite of this.

How to use availability in a sentence.