Definition, Meaning & Synonyms
overbooking
Noun
/ˌoʊvərˈbʊkɪŋ/
Definition
The practice of selling more tickets or reservations than the available capacity.
Examples
- The airline faced criticism for their policy of overbooking flights, which left many passengers stranded.
- Hotel overbooking can lead to travelers being relocated to other accommodations at the last minute.
- Restaurants sometimes engage in overbooking to account for guests who may not arrive.
Meaning
Overbooking is used by businesses to compensate for no-shows and cancellations, ensuring maximum occupancy or usage of their services.
Synonyms
- Exceeding capacity
- Overcommitment
- Over-subscription
