Let's face it-sometimes something comes up and you have to cancel that long-awaited vacation. Whether it's an issue out of your control, like an expected illness, death in the family or a canceled flight, plans just sometimes don't go the way we want them to. Airbnb leaves the cancellation policy up to the homeowner, meaning you may not be receiving a full refund, especially if it's within a week of your travels.
Hotels, on the other hand, are easier to work with. If it's more than 24 hours in advance, guests can normally just cancel their reservation online for a full refund. Or you can contact the hotel to update any unforeseen trip amendments that you may need to make. Some companies even offer a '
cancel for any reason' policy which makes things very easy.