Terms and Conditions
An excerpt from the Terms and Conditions of the Hotel Industry (AGBH) concerning cancellation:
You can cancel your travel without being liable to pay a cancellation fee up to 3 months before the agreed date of arrival.
A cancellation fee of 40 percent of the total agreed price incurs by cancellation 1 month before the date of arrival;
a cancellation fee of 70 percent of the total agreed price incurs by cancellation 1 week before the date of arrival;
a cancellation fee of 90 percent of the total agreed price incurs within the last week preceding the date of arrival.
We recommend a travel insurance by Europäische Reiseversicherung.
Here you find the original document.