Last room availability (LRA)

Last room availability (LRA) is a hotel contract term that guarantees a partner—usually a corporate client, travel management company (TMC), or consortium—access to a hotel room at a contracted rate, even if only one room is available. Put simply, it means the partner can still book the last room at the agreed price, even during peak seasons or high demand.

LRA agreements are typically included in corporate travel programs where consistent availability is critical. These contracts may specify that the negotiated rate is valid only when booking with a particular hotel group or chain.

Hotels offer this benefit to build strong relationships with high-volume clients. However, they charge a premium for it. Also, LRAs can limit a hotel’s flexibility in revenue management. Offering the last room at a lower contracted rate during high-demand periods means the hotel loses the opportunity to sell at a higher best available rate (BAR).

Unlike non-last room availability (NLRA) contracts, which allow hotels to block access during peak demand, LRA ensures predictability for partners who frequently book accommodations for business travelers.