Airbnb CEO Brian Chesky pledges $250 million to help travel hosts

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Posted at 10:15 AM, Mar 31, 2020
and last updated 2020-03-31 13:15:38-04

Airbnb is lending a helping hand to its travel hosts. Due to the coronavirus, the company allowed customers to cancel reservations without charge.

While customers enjoyed the move travel hosts were upset saying they were losing money as a result.

Airbnb CEO Brian Chesky pledged $250 million in order to offset the refunds. In addition to that, a $10 million "Super Hosts" relief fund is set up to offer grants to hosts in financial straits with rent or mortgage.

Airbnb will also facilitate donations from guests interested in supporting hosts. U.S. hosts will also be eligible for help under the COVID-19 relief legislation recently signed by President Trump.