Hilton Worldwide and Marriott International are among hotel companies that have tested stricter cancellation policies, charging the guest at least one night’s stay if the reservation is changed or canceled after a certain deadline. However, hoteliers have found little proof that such policies have curbed guests’ booking behavior. A strategy that appears to be more effective over the long term is to offer discounts for purchasing early, nonrefundable bookings. This prepay solution is being embraced with increasing frequency by hotel operators under chains such as Marriott, Hilton and InterContinental Hotels Group (IHG), especially at the property level. Get the full story at Travel Weekly