John and Tim discuss the recent Airbnb Cancellation Policy Update. Key Highlights:Effective August 22, 2022.Airbnb will impose fees subject to a minimum cancellation fee of $50 USD and a maximum cancellation fee of $1,000 USD. The fee is based on the reservation amount and when the reservation is canceled:If the reservation is canceled 48 hours or less before check-in, or after check-in, the fee is 50% of the reservation amount for the nights not stayedIf the reservation is canceled more than 48 hours, and 30 days or less, before check-in, the fee is 25% of the reservation amountIf the reservation is canceled more than 30 days before check-in, the fee is 10% of the reservation amountWhen calculating cancellation fees, the reservation amount includes the base rate, cleaning fee, and any pet fees, but excludes taxes and guest fees. If the calculated cancellation fee is less than $50 USD, it will be adjusted up to $50 USD, and if the calculated fee is more than $1,000 USD, it will be adjusted down to $1,000 USD.Leave Some Feedback:What should we talk about next? Please let us know in the comments belowDid you enjoy this episode? If so, please leave a short review. We are new so all feedback helps us improve and grow. We want to help as many hosts as possible in year 1.Want to know more, need more help or have an idea for a podcast episode or blog article? Reach out to us at [email protected]. Are you in Florida and need a new airbnb cleaning service? Try vacationhomehelp.com so we can refer you to your new rockstar cleaning team and earn more 5-star reviews for cleanliness.

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