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HOME-sharing company Airbnb will pay out US$250 million (RM1.08 billion) to hosts on its platform who have lost money on cancelled bookings in the wake of the Covid-19 pandemic.Its co-founder, CEO and head of community Brian Chesky (picture) said the aid, which will pay hosts 25% of their normal cancellation fees, is being offered globally except for China.The payments apply to the cancellation of reservations with check-in dates between March 14 and May 31.“This applies retroactively to all Covid-19-related cancellations during this period. This cost will be covered entirely by Airbnb. These payments will begin to be issued in April,” Chesky said in a letter sent to hosts yesterday.
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