Looks like AirBnB started a host penalty trend. Here comes VEBO with their own AirBnB-aped cancellation policy money grab:
Source: https://help.vrbo.com/articles/Partner-Cancellation-Fee-Policy
Coming soon: Cancellation and Premier Host changes
When the traveler wins, we all win, and partners like you do an incredible job of creating great experiences that keep guests coming back again and again.
To meet travelers’ expectations and help you deliver more value, we’ll be modifying how we manage partner-initiated cancellations and elevating our Premier Host eligibility.
Partner cancellation penalty:
Effective date: October 14, 2023 (U.S. only)
Partner Cancellation Fee Policy
Effective: October 14, 2023 (U.S. Only)
To maintain traveler trust in our marketplace, it is essential partners uphold all confirmed bookings. If a partner cancels an accepted booking, or is responsible for the cancellation, we will charge a tiered partner fee. Additional actions, such as temporary listing suspension, may also be imposed. Exceptions to the policy can be made for cancellations outside of the partner’s control.
These fees will offset the anticipated costs and negative impact of cancellations that would otherwise burden our travelers, Vrbo, and partners who do not cancel without proper justification.
A partner may be found responsible for a cancellation if:
The partner outright initiates a cancellation
The partner double booked a listing which led to a cancellation
The partner misled a traveler by substituting one property for another
Partners circumvent this policy, including requesting travelers initiate the cancellation
Cancellation Fee Structure
We will impose a fee starting at $50 USD for a partner-initiated cancellation. We will factor booking value and timing of cancellation when determining the fee amount:
If the reservation is canceled within 48 hours of check-in, or after check-in, the fee is 50% of the reservation amount for the nights not stayed.
If the reservation is canceled more than 48 hours, but within 30 days of check-in, the fee is 25% of the reservation amount.
If the reservation is canceled more than 30 days before check-in, the fee is 10% of the reservation amount.
Reservation amount includes base rate plus all your defined fees (such as cleaning or pet). If the calculated fee is less than $50 USD, it will be adjusted up to $50 USD. There is no upper limit or maximum fee amount. Cancellation fees will be invoiced to the partner or withheld from their next payout.
Additionally, partners who cancel (or are found responsible for a cancellation) will not receive the payout for that reservation. If the payout was already completed, future payouts will be reduced accordingly.
Fee Waiver
We understand not all cancellations are within your control. Partners may be eligible for a fee waiver if they are able to adequately establish one of the following circumstances apply:
Force majeure event, such as natural disasters
Government-imposed travel restrictions
Traveler did or intends to break house rules (including unauthorized parties)
Maintenance emergencies or circumstances threatening traveler health and safety
An error in Vrbo platform or services led to the cancellation
Failure of the traveler to complete payments
Suspected or probable risk of fraudulent behavior
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