Airbnb to pay out $250m to hosts to help ease COVID-19 cancellation pain

Airbnb to pay out $250m to hosts to help ease COVID-19 cancellation pain

The logos of Airbnb Inc. sit on banners displayed outside a media event in Johannesburg, South Africa, on Monday, July 27, 2015. Photographer: Waldo Swiegers/Bloomberg

U.S. home rental firm Airbnb said on Monday it was allocating $250 million to help offset losses by hosts around the world whose guests have canceled bookings in the face of the coronavirus pandemic.