A hotel booking cancellation policy can depend on several factors, such as the rate of the booking and the date of check-in.
The “cancel by certain date” policy
This type of cancellation policy gives travelers the option to cancel hotel reservations free of charge up until a certain date. Once this date passes, hotel cancellation policies can either:
Charge a standard cancellation fee
Require the full payment for the reservation
The “one night penalty” policy
For this type of hotel room cancellation policy, hotel charges a cancellation fee equivalent to one night’s stay at the hotel.
The prepaid, nonrefundable hotel reservation policy
This type of hotel booking requires payment for the entirety of the reservation at the time of booking and is nonrefundable.