In personal communications networks (PCN) supporting network-wide handoffs, new and handoff requests compete for connection resources in both mobile and backbone networks. Forced call terminations due to handoff call blocking are generally more objectionable than new call blocking. In general, most of the previously proposed schemes for radio channel allocation in cellular networks reduce handoff call blocking probability substantially at the expense of increasing the new call blocking probability by giving higher priority to handoff calls over new calls in admission control. This reduces the total admitted traffic and results in inefficient utilization of wireless channels. The tradeoff between the new and handoff calls blocking probabilities should be defined on importance basis. In this paper, we propose a performance metric equation that makes a trade off between the two probabilities depending on the network preferences. Using this equation, we study the performance of various proposed channel reservation schemes. Also in this paper, a new dynamically adaptive channel reservation scheme (DACRS) is developed and compared with other schemes proposed in the literature. The DACRS assigns handoff-reserved channels to new calls depending on the locality principle in which the base station with the help of location estimation algorithms in the mobile location center predicts the position of the mobile terminal. Eventually, the DACRS is designed to improve channel utilization while satisfying the QoS of the calls. As will be shown analytically and through simulation, the DACRS outperforms current reservation schemes and results in more statistical gain, and powerful channel utilization.