Rate Parity definition
Rate Parity means equivalence of the rates of policyholders in the acquired book of business and the rates of policyholders, of the same class and hazard, in the existing book of business or equivalence of current rates to indicated rates for an existing book of business.
Rate Parity means the same or better rates for the same accommodation, same room type, same dates, same bed type, same number of guests, same or better amenities and add-ons (e.g. free breakfast, wifi, early/late checkout), same or better restrictions and policies such as reservation changes and cancellation policy as are available on the Accommodation’s websites, apps or call-centres (including the customer reservation system), or directly at the Accommodation, with any competitor of ▇▇▇▇▇▇▇.▇▇▇ (which includes any online or offline reservation or booking agency or intermediary) and/or with any other (online or offline) third party that is a business partner of or in any other way related with or connected to the Accommodation. Rate parity does not apply in respect of rates intended for a closed user group ("closed user group" means a group with defined limitations where membership is not automatic and where: (i) consumers actively opt in to become a member, (ii) any online or mobile interface used by closed user group members is password protected, (iii) closed user group members have completed a customer profile, and (iv) the consumer to which the rate is offered or made available already made at least one prior booking as a member of the closed user group) provided that such rates are not (directly or indirectly) publicly (made) available. In the event that a closed user group rate is (directly or indirectly) publicly (made) available (by the Accommodation, a (direct/indirect) competitor of ▇▇▇▇▇▇▇.▇▇▇ or on any third party (platform) (including any (meta) search engine or price comparison website), ▇▇▇▇▇▇▇.▇▇▇ is entitled to rate parity for such rate. Availability Parity means that the Accommodation shall provide ▇▇▇▇▇▇▇.▇▇▇ with such availability (i.e. rooms available for booking at the Platform) that are at least as favourable as those provided to any competitor of ▇▇▇▇▇▇▇.▇▇▇ (which includes any online or offline reservation or booking agency or intermediary) and/or with any other (online or offline) third party that is a business partner of or in any other way related with or connected to the Accommodation.
Rate Parity is deleted and is replaced with the following:
Examples of Rate Parity in a sentence
Hotel should load TSA and TS8 rates in the GDSs (as defined in Section 1.1) under Hotel’s GDS chain and Hotel codes, as well as CRS and any relevant Channel Manager tools to ensure Channel and Rate Parity.
In the event, the Company becomes aware that the prices being offered by the Hotel are not at Rate Parity, the same shall be considered material breach of this Agreement and the Company shall be entitled to terminate this Agreement in accordance with Clause 2 of this Agreement.
In the event, the Company becomes aware that the prices being offered by the Hotel are not at Rate Parity, the same shall be considered material breach of this Agreement and the Company shall be entitled to terminate this Agreement in accordance with sub-clause 8.3 of this Agreement.
The only important parameter is to set 8 Bits for the Data Bits parameter For the Baud Rate, Parity, Stop Bit it is possible to set any values.
Parity Manager (Major OTA and wholesaler Test Booking tabs) is a Rate Parity enforcement tool to help to identify, document and enforce rate parity violations against the Hyatt Hotel Corporation brand standards.
Pay Rate Parity Eighty-seven point five (87.5) percent of the full pay for regular faculty as payment for the performance of student contact assignments.
More Definitions of Rate Parity
Rate Parity means the same or better rates for the same accommodation, same room type, same dates, same bed type, same number of guests, same or better restrictions and policies such as breakfast, reservation changes and cancellation policy as are available on the Accommodation’s websites, apps or call centers (including the customer reservation system) , or directly at the Accommodation, with any competitor of Eklips Corp. (which includes any online or offline reservation or booking agency or intermediary) and/or with any other (online or offline) third party that is a business partner of or in any other way related with or connected to the Accommodation. Rate parity does not apply in respect to rates intended for a closed user group ("closed user group" means a group with defined limitations where membership is not automatic and where: (i) consumers actively opt in to become a member, (ii) any online or mobile interface used by closed user group members is password protected, (iii) closed user group members have completed a customer profile, and (iv) the consumer to which the rate is offered or made available has already made at least one prior booking as a member of the closed user group) provided that such rates are not (directly or indirectly) publicly (made) available. In the event that a closed user group rate is (directly or indirectly) publicly (made) available by the Accommodation, a (direct/indirect) competitor of Eklips Corp. or on any third party (platform) (including any (meta-) search engine or price comparison website), Eklips Corp. is entitled to rate parity for such rate. Availability Parity means that the Accommodation shall provide Eklips Corp. with such availability (i.e. rooms available for booking at the Platform) that are at least as favorable as those provided to any competitor of Eklips Corp. (which includes any online or offline reservation or booking agency or intermediary) and/or with any other (online or offline) third party that is a business partner of or in any other way related with or connected to the Accommodation.
Rate Parity means and include PTOs rates for Islamic Tour Packages that shall remain the same for same accommodation, same room type, same dates, same trip duration, same number of customers, same or better policies such as breakfast, reservation changes and cancellation policy that are offered or made available through this Platform as well as through third party’s platform, websites, mobile apps or call-centers, or directly at PTOs Centre, or with any competitor of the Platform Provider (which includes any online or offline reservation or booking agency or intermediary) and/or with any other (online or offline) third party that is a business partner of or in any other way related with or connected to the PTOs.
Rate Parity means the same or better rates for the same accommodation, same room type, same dates, same bed type, same number of guests, same or better restrictions and policies such as breakfast, reservation changes and cancellation policy as are available on the Accommodation's websites, apps or call centers (including the customer reservation system), or directly at the Accommodation, with any competitor of ▇▇▇▇▇▇▇.▇▇▇ (which includes any online or offline reservation or booking agency or intermediary) and/or with any other (online or offline) third party that is a business partner of or in any other way related with or connected to the Accommodation. Rate parity does not apply in respect to rates intended for a closed user group ("closed user group" means a group with defined limitations where membership is not automatic and where: (i) consumers actively opt in to become a member,
Rate Parity means the same or better rates for the same accommodation, same room type, same dates, same bed type, same number of guests, same or better restrictions and policies such as breakfast, reservation changes and cancellation policy as are available on the Accommodation’s websites, apps or call-centres (including the customer reservation system) , or directly at the Accommodation, with any competitor of ▇▇▇▇▇▇▇.▇▇▇ (which includes any online or offline reservation or booking agency or intermediary) and/or with any other (online or offline) third party that is a business partner of or in any other way related with or connected to the Accommodation. Availability Parity means that the Accommodation shall provide ▇▇▇▇▇▇▇.▇▇▇ with such availability (i.e. rooms available for booking at the Platform) that are at least as favourable as those provided to any competitor of ▇▇▇▇▇▇▇.▇▇▇ (which includes any online or offline reservation or booking agency or intermediary) and/or with any other (online or offline) third party that is a business partner of or in any other way related with or connected to the Accommodation.