Reservation fee

Reservation Fee

A reservation fee refers to the amount of money that a customer pays, usually immediately after booking a travel package, to secure their reservation and ensure their spot on the trip. The fee is usually a percentage of the overall travel package price, as agreed upon by the customer and the travel provider.

The purpose of a reservation fee is to guarantee that the customer will follow through with their travel plans, and to compensate the travel provider for the time and effort spent in preparing for the trip. By paying the fee, the customer is essentially committing to the trip and signaling their serious intent to travel.

In most cases, the reservation fee is non-refundable, meaning that if the customer cancels their trip, they will not receive a refund of the fee. However, the fee may be applied to a future booking if the customer decides to reschedule their travel plans.

Overall, the reservation fee is an important component of the travel booking process, serving as a way to secure reservations and ensure that both the customer and the travel provider are committed to the trip.