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prebooked

Prebooked is a term used to describe goods or services that have been reserved in advance. The act of prebooking involves committing to purchase or use a service before its scheduled date, thereby securing access to limited inventory and, in some cases, stabilizing price.

Common contexts for prebooking include travel and hospitality (airline seats, hotel rooms, tours, and rental cars),

Benefits include certainty of access and planning convenience; risks include penalties for changes or cancellations, nonrefundable

Originating from the prefix “pre-” meaning before and “booked” meaning reserved, prebooking differs from simply reserving

Related terms include reservation, advance booking, and pre-order.

entertainment
(concert
and
theater
tickets),
and
professional
services
(appointments,
conferences).
In
many
cases
the
customer
provides
details
such
as
dates,
quantities,
and
preferences
and
may
be
required
to
pay
a
deposit
or
full
amount
at
the
time
of
booking.
Prebooked
arrangements
may
guarantee
availability
and,
in
some
markets,
offer
a
price
lock,
while
others
allow
changes
under
specific
cancellation
policies.
payments,
and
potential
loss
of
value
if
plans
change
or
the
service
is
disrupted.
or
holding
inventory
in
that
it
typically
requires
a
formal
commitment
and
may
involve
a
payment.
It
is
distinct
from
preorder,
which
involves
obtaining
a
product
before
release,
and
from
an
on-demand
or
walk-in
arrangement.