To us, bookings that are 'lost' do not become definite bookings and may be lost due to unavailability, or price. Bookings that are 'cancelled' become definite, money is paid, but then need to cancel for a number of reasons, such as illness, or the couple breaking up.
We report on these differently, rather than using 'lost reasons' we'd like to have a separate status for Lost Vs Cancelled Bookings
*Some users want to add the status postponed - during this time several groups are postponing but not cancelling.
*Other users use terms like 'confirmed' or other languages so would also be beneficial to them