Yes, most hotel room reservations are refundable provided that you cancel prior to the accommodation's cancellation deadline, which is usually within 24-48 hours of your arrival date. If you have a reservation that's non-refundable, you might be able to still cancel and be given a refund within a 24-hour period of your booking. Plug in your dates, click on "Search", then use the "fully refundable" filter to review the best deals available near Underbool I61 Bushland Reserve.
