Reykjavik Hotel Deals; Last Minute Hotels in Reykjavik; By Hotel Type. Reykjavik Business Hotels; Reykjavik Family Hotels; Reykjavik Spa Resorts; Best Value Hotels in Reykjavik; Reykjavik Green Hotels; Reykjavik Luxury Hotels; Romantic Hotels in Reykjavik; By Hotel Class. 4-star Hotels in Reykjavik; 3-star Hotels in Reykjavik; Popular Amenities
What is an 'Advance Payment'. An advance payment is a type of payment that is made ahead of its normal schedule, such as paying for a good or service before you actually receive the good or service.
What is 'Demand'. Demand is an economic principle that describes a consumer's desire and willingness to pay a price for a specific good or service. Holding all other factors constant, an increase in the price of a good or service will decrease demand, and vice versa. Think of demand as your willingness to go out and buy a certain product. For example, market demand is the total of what everybody in the market wants. Next Up.