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Airbnb to pay out $250 million to support hosts during COVID-19 pandemic

by VTV402 April 2020 Last updated at 00:00 AM

VTV.vn - U.S. home rental firm Airbnb recently announced it was allocating 250 million USD to help offset losses by hosts around the world whose guests have canceled bookings in the face of the coronavirus pandemic.

The aid, which will pay hosts 25% of their normal cancellation fees, is being offered globally except for China. The payments apply to the cancellation of reservations with check-in dates between March 14 and May 31.

Guests would also receive a full refund for the cancellation of reservations made on or before March 14 for check-in between March 14 and April 14.

Airbnb CEO, Brian Chesky, said the company would come back strong after the pandemic was over, added that about half of the stays booked on Airbnb were for periods longer than a month.

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