Overbooking is another method that hotels, restaurants, trains, and airlines use to match:

Question

Quizplus · Accepted Answer

Overbooking is used to match demand with capacity. This means that businesses accept more bookings or reservations than they can actually accommodate because some customers will cancel or not show up, allowing the business to fill all the available spaces or seats. It helps businesses make the most of their resources while minimizing the risk of leaving empty spaces or unsold products.

Overbooking Is Another Method That Hotels, Restaurants, Trains, and Airlines