overbooked

overbooked definition - business

overbooked

  1. In transportation and lodging, an excess of reservations compared to available seats or rooms. Hotels and airlines regularly overbook in order to compensate for customers with reservations who fail to show up. Also called oversold.
  2. See oversubscribed 1.

The American Heritage® Dictionary of Business Terms Copyright © 2009 by Houghton Mifflin Harcourt Publishing Company. Published by Houghton Mifflin Harcourt Publishing Company. All rights reserved.

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