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If your plans change and you need to cancel a room at the Taj Campton Place, Forbes Travel Guide editors advise you do so at least 24 hours before the day of your stay. Otherwise, you'll be charged a one-night penalty — no small change, considering rack rates at the Forbes Four-Star hotel begin at around $600. Keep in mind that various room rates may have different cancellation policies, too. Generally, if you're booking the lowest advance rate, you may have less flexibility to change plans. When you make a reservation, it’s a good idea to check whether such the rate is refundable, or you may wind up being charged if your plans change.