Airbnb will pay hosts $250 million to help cover cancellations due to COVID-19

Airbnb is committing $250 million to put toward hosts who have been impacted by COVID-19. That means if a guest cancels a reservation for check-in between March 14 and May 31 due to a COVID-19 related reason, Airbnb will pay the host 25% of what they would normally receive through their cancellation policy.Airbnb says this policy will apply retroactively to all cancellations during that period.
This is Airbnbs way of making amends to its hosts who may have felt blindsided by Airbnbs policy that would enable guests to cancel reservations and receive a full refund. That policy, which is still active, lets guests who booked reservations on or before March 14 that begin anytime on or before May 31 to cancel and receive a standard refund or travel credit.
We determined that we had to allow your guests to cancel and receive a full refundincluding all our fees, Chesky wrote in a letter to hosts today. Please know this decision was not a business decision, but based on protecting public health. However, while I believe we did the right thing in prioritizing health and safety, Im sorry that we communicated this decision to guests without consulting youlike partners should. We have heard from you and we know we could have been better partners.
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