Airbnb to pay hosts R4,5bn for Covid-19 cancellations

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Airbnb on Monday said it is devoting $250m (R450bn) to help would-be hosts survive financial losses from refunds given to guests who cancelled travel plans due to the coronavirus pandemic.

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

“While I believe we did the right thing in prioritising health and safety, I'm sorry that we communicated this decision to guests without consulting you — like partners should.” “We know this is just a little bit, but a little bit can go a long way at this time,” a seemingly contrite Chesky said while discussing Airbnb's latest steps in a live video stream from his home.

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OUR MONEY IS NOT WORTH THE PAPER ITS PRINTED ON

$250m = R4.5bn

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