
14 years
That seems too far away. What about if you have to put your hostel rates up in 2012?
I'd say take bookings no more than 6 months in advance. If your hostel is in an area that is celebrating a huge event that attracts backpackers and during that time it is hard to find accommodation (and it's more than 6 month's away) than perhaps consider opening your bookings for then.
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