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If you're looking to book a banquet hall, you'd better do it as early as possible. Your lead time should be at least three months before your event, and 6-9 months is preferable if you're planning to use it for a wedding reception or similar event.
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The type of banquet hall you book will depend on your event. If it's an awards banquet or something similar, you'll probably need just enough room to seat everyone; if it's a wedding, bar mitzvah, or Christmas celebration, you'll probably need room to dance.