Airbnb will allow guests to receive full refunds for reservations booked before 31 May 2020. The company will also pay US$250 million to help hosts cover the costs of COVID-19 cancellations. Airbnb has been one of the most impacted sharing economy platforms during the pandemic. Airbnb hosts have experienced mass cancellations because of strict travel restrictions and self-isolation guidelines in most countries around the world.
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