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What do think of the practice of overbooking? Have you been the victim of overbooking? If you ran a hotel, when would you find it

What do think of the practice of overbooking? Have you been the victim of overbooking?
If you ran a hotel, when would you find it ok to overbook and why?
Is having your hotel at 100% occupancy worth the cost of a few "walks"? What do you think?

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