contract rate

Is a pre-negotiated, preferential price that a hotel, tour operator, attraction, or other tourism supplier agrees to offer an intermediary—such as a wholesaler, online travel agency, or traditional travel agency—under specific contractual conditions. Unlike public or “rack” rates visible to consumers, these prices are confidential, governed by formal agreements, and typically granted in exchange for…

FIT rate

Is a specially negotiated room price offered by hotels and other accommodation providers for independent travelers, typically through tour operators, travel agents, or online distribution partners, rather than directly to the public. These confidential, often net, rates are designed for “Free Independent Travelers” or “Fully Independent Travelers” whose itineraries are customized rather than part of…