Cancellation fee

Cancellation Fee: A penalty fee imposed to compensate for the loss incurred by a service provider after the deadline for cancellation has passed, and a customer decides to cancel the reservation or booking. The fee is usually applied to cover any financial or operational costs associated with preparing for the customer’s arrival or use of the service, including administrative expenses, service provider time, and materials. The amount of the cancellation fee varies depending on the terms and conditions of the service provider and the type of reservation or booking, and can range from a flat rate to a percentage of the total cost of the booking. Therefore, it is important for travelers to be aware of the cancellation policy in advance to avoid any unexpected costs.