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Airbnb Promises $250 Million in Pandemic Relief for Vacation Rental Hosts

Online Platform Extends Traveler Refunds for Canceled Trips Through May 31
Airbnb came under criticism for not covering hosts' cancellation losses in mid-March. (Getty Images)
Airbnb came under criticism for not covering hosts' cancellation losses in mid-March. (Getty Images)

Vacation rental listing service Airbnb said it would set aside $250 million to help hosts that use its platform for bookings recover from the financial impact of cancellations during the coronavirus pandemic, a move aimed at keeping its users and its place as a competitor to hotel property owners.

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