Why you should have a cancellation policy?
Why you should have a cancellation policy? Having a cancellation policy in place helps your guests know what to expect if they cancel or change their booking. What's the benefit? Guests may be more likely to book your property if some flexibility via cancellation options is offered.
What is a flexible cancellation policy?
Flexible Policy The Airbnb Flexible cancellation policy is the most lenient option for guests. In this policy, guests are eligible for a full refund when canceling a reservation at least 24 hours before check-in (local time of the property).