What are the cancellation policies for a reservation?

What are the cancellation policies for a reservation?

It is possible to cancel a reservation under the following conditions: 

Reservation cancellation dateCancellation fee
10 minutes after creating the reservationNo fees
More than 24 hours before the start of the reservation20% of reservation cost or full refund in credits (to be applied to future reservations)
During the 24 hours preceding the start of the reservation50% of reservation cost
After the start of a booking
100% of the cost of the reservation
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