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Our cancellation policy is as follows
1 week no charge
7 days 30%
24 hours 30% or 1 nights rate depending which is larger.
This seems to be a nice balance, but this can not be setup exactly in booking.com policies, a little more free from in this regard would be useful.
We do still have bookings made well in advance and cancelled just outside the 7 days. I sometimes wonder if competing businesses do this deliberatley to take inventry of the market, and how booking.com can ensure that guests are real.