A pricing option offered to guests that provides a discounted rate in exchange for a non-refundable booking, often used to attract early bookings or minimize cancellations.
The terms and conditions that determine the refund amount a guest is entitled to if they need to cancel their booking, ranging from flexible to strict.
Offering a balanced cancellation policy that provides flexibility for guests while protecting the host from last-minute cancellations and potential loss of income.
A legally binding contract between the host and the guest outlining the terms and conditions of the rental, including the rental period, payment terms, house rules, and cancellation policy.
A clear and concise outline of the terms and conditions under which a host can cancel a booking, and the consequences for both parties. A fair and transparent cancellation policy builds trust with guests and protects both hosts and guests from unforeseen circumstances.