SAP Message PV808 - The resource type for the room reservation &1 does not exist

Diagnosis You are attempting to create a room for Room Reservations. This roommust be related with a resource type that is stored in Customizing asthe Room Reservations resource type. This entry is invalid. The resource type with ID &V1& may not be used. System Response None. Procedure Please check whether the Customizing entry refers to a valid resourcetype under Basic Settings for Room Reservation Management ->Dialog Control -> Technical Settings ->Define Initial Objects.