overbooking
Definition
Practice of airlines, hotels, concert and other public show arrangers to sell more tickets than the actual number of people they can accommodate. It aims to avoid empty seats or rooms due to no-shows, and is legally sanctioned so long it is not abused.
Mentioned in these definitions
Popular 'Shipping, Transport, & Travel' Terms
overbooking in the news
Loading...
This content can be found on the following page:
http://www.businessdictionary.com/definition/overbooking.html
