What does the term "group booking" mean in lodging management?

The term "group booking" in lodging management refers to the process of reserving a block of rooms for multiple guests, often for events such as weddings, conferences, or family reunions. This type of reservation is typically made in advance and can involve negotiating specific rates and terms to accommodate the needs of the group.

In this context, group bookings are significant for hotels because they provide guaranteed occupancy and can help maximize revenue during certain periods. Hotels often offer special incentives, such as discounted rates or complimentary services, to attract group business, which can lead to increased overall profitability. Understanding the concept of group bookings is essential for effective lodging management, as it involves managing space, pricing, and guest expectations efficiently.

The other options do not fit the definition of group booking as they pertain to individual or canceled reservations rather than accommodating multiple guests under one reservation arrangement.