24 hour policy at least gives the golf course a chance to fill the spot. Say two foursomes a day cancel their tee time one hour out and the spots aren't filled, that is around $500 of lost revenue for the golf course just in one day.
At my course, we have a 24-hour policy (which is actually more like an 18-hour policy). When someone calls me at 9 AM on a Saturday and wants to cancel their 10:24 tee time, you bet I am charging them. There have probably been 20 other foursomes who have called in the last few days that would have taken that spot and paid a premium for it.
Call at 9 AM on a Saturday and cancel your 10:24 at a city course, no problem! The tee time usually just goes unused. That could be thousands of dollars a weekend the city is missing out on (I don't know, I don't know their cancellation numbers). If they went to a 24-hour (or even 12-hour) policy they at least have a chance of filling those tee times.
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