Banquet is a place where many guest having their Food and Beverage together. You can say Banquet hall is a proper place of party. Thousands of peoples have their Food and Beverage as well as Lunch or Dinner in Banquet Hall. But this party is held and fixed with Date, time and Price. Like you want to hold a party with 500 peoples then you have to fix Date, time and price of the food and Banquet hall. Some Banquet charges some money as rent of Banquet hall.Basically, Banquet is a place which can use for having food & beverage with prearranged number of peoples on prefixed date & time agreed menu & price.
A function hall, reception hall, or banquet hall is a room or building for the purpose of hosting a party, banquet, wedding or other reception, or other social event. Function halls are often found within pubs, clubs, hotels, or restaurants.Some are run by fraternal organizations and rented out as part of them being a club, for example Masonic Halls. The first recorded mention of "function rooms"