No, that is the rate before fees and taxes. So, I guess the rate is really $203 before taxes. Still a great rate to stay in the Epcot area. You also get some of the onsite perks, such as EMH, and access to WDW transportation. We usually stay at the Dolphin or Swan as the second part of a split stay. We dislike using DME at the end of our trips because we end up at the airport way too early. We just pay the ~$100 to get a town car back to the airport wherever we stay.