Airbnb increases fees for hosts and changes it's cancellation policies.
In short, what is going to happen is the following:
- The Moderate and Strict policies (less favourable to the guests), will be accompanied by an increase in host service fees, from 3% to respectively 4% and 5% to keep into account the extra protection from cancellations
- Guests that cancels pre-trip will not be charged the guest service fees, making cancellations truly 100% refundable
- While the upcoming changes will be adding extra benefits for guests making a reservation on Airbnb, the same can’t be told about hosts side, where only worsening conditions seem to have been introduced.
- Each cancellation policy will have a grace period, i.e. a set period of time before a reservation when a guest can always cancel and receive a full refund