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Airbnb sets aside $250M for hosts to cover cancellations amid COVID-19
short by Aishwarya / on Tuesday, 31 March, 2020
Airbnb said it was allocating $250 million to help offset losses by hosts around the world whose guests have cancelled bookings due to coronavirus pandemic. The aid will pay hosts 25% of their normal cancellation fees. The payments apply to the cancellation of reservations with check-in dates between March 14 and May 31.
read more at Reuters