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Why do most bed & breakfasts require deposits and cancellation fees?

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Why do most bed & breakfasts require deposits and cancellation fees?

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Bed & breakfasts and guest houses do not have the financial ability to absorb the cost of no-shows. An empty room can mean the loss of 30% to 100% of that day’s business (depending on the number of rooms). Deposit fees and cancellation policies make it possible for your hosts to provide a high level of personal attention, extra touches, and premium accommodations at an economical price to you.

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