Originally Posted by
CanadaDH
They might have just changed the description of the rate type. The Savoy seems to be calling it "Daily Flexible Rate" now, which IMO, is a better description than "Best Available Rate". Other properties have been using "Daily Rate" for a while. The BAR was never the "best" rate anyway. BAR was generally the non-discounted rate with flexible terms, and there are typically other rate packages available for less that come with a few strings.
Excellent explanation! ^
"Best Available Rate" (BAR) is more of an industry term describing the lowest, fully flexible rate (i.e. fully refundable and changable, not pre-paid) without any inclusions (such as breakfast etc.).
The "Best Available Rate" is generally the baseline for any other offers/promotions, e.g. a "15% discount advance purchase rate" would generally imply "15% off BAR".