A pension (UK: , US: ; French: [pɑ̃sjɔ̃]) is a type of guest house or boarding house. This term is typically used in Continental European countries, in areas of North Africa and the Middle East that formerly had large European expatriate populations, and in some parts of South America such as Brazil and Paraguay. Pensions can also be found in South Korea, Japan, and the Philippines.

In contrast to bed and breakfasts, more usual in the United States, pensions typically offer not only breakfast, but also lunch, dinner, and sometimes even tea. Rather than paying for the room and each meal separately, guests select a plan which either comprises overnight accommodation, breakfast, lunch and dinner (full pension / full board) or the preceding minus the lunch (half board / demi-pension / half pension).

These small businesses may offer special rates for travellers staying longer than a week, may be located in historic buildings, can be family-run, and are generally cheaper than other lodgings, such as hotels, although they offer more limited services.