As of March 2026, refund timelines for platforms like Booking.com are heavily influenced by the payment method and the service provider (hotel vs. airline). If you booked a "Free Cancellation" hotel and paid the property directly, the refund is usually processed instantly upon cancellation, though it may take 3 to 7 business days to reflect on your bank statement. However, for flights or "Prepaid" stays handled by Booking.com, new 2026 consumer protection regulations (such as those from the DGCA or EU) mandate that refunds for cancelled tickets must be processed within 14 working days. If you paid via credit card, the airline or agency is generally required to initiate the refund within 7 days. Despite these regulations, travelers often experience delays if the refund involves a "third-party" agent. To ensure the fastest return of funds, it is recommended to use the "Manage Booking" portal and keep a digital paper trail of the cancellation confirmation.