The term reservation is defined as 'blocking or booking a particular room type for a guest, for a definite period of time, for a particular guest'.
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Book and Reserve are synonyms for the action of making a full or partial financial commitment in advance. The prime and only difference between them would be that “Booking something” is widely used in British English whereas “Making a reservation” is predominantly used in the Americas.
Some hotels may charge your card at the time of booking, while others may only charge a deposit and then charge the remaining balance upon check-in or check-out. It's important to read the hotel's payment policies carefully before making your reservation.
A hotel reservation system works by sending and receiving reservation data, usually in partnership with a property management system and channel manager. Information is shared on a two-way basis between the channel manager and connected channels, and the property management system.
Booking in advance means it's more likely that many hotel rooms will be available on your travel dates. You're therefore able to pick the room you want depending on your needs and preferences. For example, you may want to get a suite with a king-size bed. Such options may not be available on your travel date.
Making the bookingI'd like to book a (single / double / twin) room for two nights, please. I'd like to make a reservation for a (single / double / twin) room for the night of (date), please. Do you have any double rooms left for the weekend? Do you have any double rooms available this weekend?