New AirBnB Host Cancellation Policy - 10/9/23

[Cliff H.]

AirBnB just updated their Host Cancellation Policy to remove the $1,000/booking cap, remove the "The listing doesn’t fit the needs of the guests" as a valid reason, and tiered cancellation fees across the timeline below. 

As a basis of comparison, is anyone aware if VRBO or Booking.com have anything close to this type of host penalty in place for host-initiated cancellations?

The closest thing I could find is VRBO confirming they waive their fees if either party cancels and Booking.com confirming they only charge a fee for confirmed stays. 

 New AirBnB Cancellation Fee Structure (as of 10/9/23):

< 48 hours: 50% of total reservation

2 - 30 days: 25% of total reservation

30+ days: 10% of total reservation

Real World Example for $5k Reservation: 

$2,500: < 48 hours out host cancellation

$1,250: 2 - 30 day out host cancellation fee

$500: 30+ days out host cancellation fee 

Source: https://www.airbnb.com/help/article/990?src_section=374934&a...