What is reservations definition?

A reservation is a formal arrangement made beforehand to secure a service, a product or a facility for a particular time or day. It is a process of booking or reserving something in advance to ensure that it is available and accessible when needed. Reservations are a common practice in various industries like travel, hospitality, tourism, and events. They help to manage the demand for services and facilities, avoid overbooking or underbooking, and provide certainty and convenience for customers. Reservations can be made through various channels, such as online, through a telephone call, in person, or by email. Some reservations may require a deposit or a partial payment upfront, and cancellations may have penalties or fees. Proper management of reservations is essential for delivering optimal customer service, maximizing revenue, and preventing any discontent or dissatisfaction.