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We planned to travel during the New Year holiday and booked a hotel.

We originally planned to travel on New Year's Day holiday and booked a hotel.

However, for some reason, we changed our plan.

However, for some reason, we changed our plan.

We need to cancel the reservation in advance.

We need to cancel our previous hotel reservation.

Do I have to pay any fines?

Do I need to pay any liquidated damages?