"The company allocated $ 250 million to reimburse the owners of their losses” - said Airbnb CEO Brian Chesky, on Monday, March 30.
According to the statistic, about 20-40 thousands of real estate objects are leased via Airbnb.
All those Cyprus landlords whose guests booked the accommodation before March 14 inclusive and were supposed to come till May 31, but canceled the trip due to the coronavirus epidemic, will be able to recover their losses soon.
The first payments are expected in April. As soon as landlords and tenants will be able to review those reservations - to cancel or confirm them.
Airbnb promises to compensate 25% of the amount to the owners that they should have received in accordance to the standard cancellation rules. At the same time, guests will receive a full refund.
And for for bookings that were made after March 14, they fall under the standard cancellation policy and COVID-19 will not be considered as a good reason for changing the reserve of real estate.