Airbnb announces $250 million fund to support hosts during pandemic

In order to support the hosts, that rent out their living space on Airbnb, the platform has announced to pay out up to $250 million in order to compensate parts of the losses resulting from the coronavirus pandemic and cancellations. Guests will be able to cancel bookings made "on or before March 14 with a check-in between March 14 and May 31, 2020" for a full refund and Airbnb bill pay the hosts 25% of the normal cancellation policy.