The bite-size definition of prepayment when booking hotels
Prepayment is when you pay for something in advance. When booking a hotel, this means paying for the room at the time of booking instead of on departure or arrival.
The benefit of paying upfront means that all costs are accounted for at the time of reservation. Travellers therefore, do not need to part with their own money and submit an expense claim. However, it’s important to review the terms and conditions of the booking. More often than not, a prepaid booking will be non refundable if you cancel.
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