Which term means the guest pays for the entire stay before arrival?

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Multiple Choice

Which term means the guest pays for the entire stay before arrival?

Explanation:
Paying for the entire stay before arrival is called prepayment. It means the guest settles the full amount in advance, at booking or before check-in, which locks in the rate and guarantees the stay. This differs from an advance deposit, which is only a partial payment to hold the room, and from guaranteed or non-guaranteed reservations, which relate to whether the hotel will hold the room without requiring full payment upfront. With prepayment, the charges are settled before arrival, though refunds depend on the property's policy.

Paying for the entire stay before arrival is called prepayment. It means the guest settles the full amount in advance, at booking or before check-in, which locks in the rate and guarantees the stay. This differs from an advance deposit, which is only a partial payment to hold the room, and from guaranteed or non-guaranteed reservations, which relate to whether the hotel will hold the room without requiring full payment upfront. With prepayment, the charges are settled before arrival, though refunds depend on the property's policy.

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