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The meeting in the users calendar remains the same, the meeting in the meeting rooms calendar is ended early. The original meeting was from 15:00-17:00 but now the meeting rooms meeting is updated to 15:00-15:30 and the room is available again from 15:30 to be reserved by someone else.
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3. More information
Next to a room-centric approach, there is also a user-centric approach. Both approaches have advantages and disadvantages. More information about the room-centric approach, user-centric approach and any possible limitations can be found here: Debunking the myths of room centric limitations