MLchartDataset catalogue

Overbooking

Term · Law · MLC-T-LAW-003590

The practice of selling more reservations or tickets than the actual capacity of a service or venue. This is done to compensate for anticipated cancellations or no-shows, aiming to maximize revenue. Airlines and hotels commonly engage in overbooking, which can lead to denied service for some customers.

Table 1. Record
IdentifierMLC-T-LAW-003590
FieldLaw
Record as JSON 
{
  "id": "MLC-T-LAW-003590",
  "term": "Overbooking",
  "field": "Law",
  "definition": "The practice of selling more reservations or tickets than the actual capacity of a service or venue. This is done to compensate for anticipated cancellations or no-shows, aiming to maximize revenue. Airlines and hotels commonly engage in overbooking, which can lead to denied service for some customers.",
  "url": "https://mlchart.com/terminology/law/overbooking/"
}

Record 3,589 of 5,441 in Law terminology (MLC-0107). Request the full dataset.