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Simon Calder: Why both sides profit from overbooking

(independent.co.uk travel news and advice) - 11 months, 3 weeks ago
  Three virtues of 21st-century civilisation: education, sanitation and overbooking. You may have reservations about the last of these, but bear with me. The travel industry's custom of selling the same seat or bed more than once is not an example of unashamed greed. It represents a sound business practice that brings benefits to many, particularly those who have reservations....
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