The standard or most common cancellation policy used by hosts or property managers in the short-term rental industry.
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Glossary Term: Flexible Cancellation
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A marketing term used to promote short-term rentals for guests seeking spontaneous getaways or last-minute bookings, typically emphasizing ease of booking and flexible cancellation policies.
A set of rules and conditions that determine the refund amount a guest receives if they cancel their booking.
A cancellation policy that allows guests to cancel their reservation for a full or partial refund, depending on the time frame and circumstances of the cancellation.