What Is Meant by Last Room Availability and How Does It Effect the Hotel

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. … The negotiated rate is available to travellers at the discretion of the hotel.

What means room availability?

Availability is the amount of rooms at the hotel open for sales for a specific set of dates and / or type of accommodation. The term typically relates to a specific set of dates or a certain type of accommodation. See Also: Capacity. Occupancy.

What is LRA in RFP?

Last Room Availability (LRA) 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. Usually, if a company insists on the rate being LRA, then the rate the hotel gives them will be higher.