Hotels offer lower corporate rates to attract more business travelers to their hotels. Business travelers who feel they are getting a good deal are likely to tell their colleagues that it will bring them more business. It also means that business travelers are more likely to return the next time they are in town, whether it is for business or leisure travel. They are also likely to recommend the hotel to colleagues, friends and family.
Business travelers want to make sure they get the best possible rate for their hotel room, which usually means paying the corporate rate (sometimes called the business traveler rate) for said room. This is a discounted rate that the hotel negotiates directly with large companies or offers to business travelers in general. The discount may be 10% of the normal room rate, or sometimes even more.
How can I get a discounted rate from a hotel company?
Larger companies that often book hotel rooms for their employees usually get a different negotiated company rate, and you may need to show proof of employee identification to get the lower rate.
Many hotels will honor the company rate as long as you show your company ID, even if you are not going on a business trip. Another benefit is that corporate rates are usually available at any hotel around the world, whether you are traveling for business or leisure.
Getting the corporate rate for your hotel room is a great way to save a little money. However, don’t forget to check out other discount options, as promotional rates for seniors, AAA members or specific dates may be lower than the corporate rate.