"Travel cancellation" refers to the act of cancelling or calling off plans to travel, typically due to unforeseen circumstances or changes in personal preferences. It means that the trip you had intended to go on will no longer take place.
It's a good idea to learn about travel cancellation insurance for just about any trip, especially if you've planned that «dream» vacation. (kanetix.ca)
Also called travel cancellation insurance or vacation insurance, trip cancellation insurance is an optional coverage feature frequently offered by travel agents, online travel booking sites, and resorts. (trustedchoice.com)
Travel cancellation insurance comes into play if you've yet to depart. (moneywehave.com)