Net Fare, Net Rate
What is Net Fare, Net Rate?
Net fare is the unpublished, base cost of an airline ticket that airlines offer to travel agencies, corporations, or consolidators before adding service fees, commissions, or taxes. It allows businesses to control pricing, bundle travel services, and optimize travel budgets for corporate travel. Similarly, net rate applies to hotel rooms, car rentals, and other travel services, referring to the discounted wholesale price offered to corporate buyers or travel agencies. These rates provide flexibility for reselling or packaging services, benefiting businesses that manage travel for employees or clients. By leveraging net fares and net rates, companies can negotiate better deals, reduce overall travel costs, and maintain profit margins while offering competitive pricing to travelers.