Airbnb have already waived cancellation fees for bookings, now seems like they're helping out hosts too :)

SBS Article

Airbnb will pay hosts 25 per cent of what they would typically be due if someone booked between March 14 and May 31 cancels the stay due to COVID-19.

Airbnb on Monday said it is devoting US$250 million to help would-be hosts survive financial losses from refunds given to guests who cancelled travel plans due to the coronavirus pandemic.

The move came as an olive branch of sorts extended to Airbnb hosts blindsided by a the home-sharing platform's decision several weeks ago to give full refunds to guests who cancelled reservations in order to stay home, as health officials and governments have urged.

Airbnb will pay hosts 25 per cent of what they would typically be due if someone booked between March 14 and May 31 cancels the stay due to COVID-19.

Travelers who cancel Airbnb reservations made for that period are promised complete refunds or credit for future stays.

"We know this is just a little bit, but a little bit can go a long way at this time," a seemingly contrite Mr Chesky said while discussing Airbnb's latest steps in a live video stream from his home.