Insight
Vacation rental management companies are adapting cancellation policies.
Vacation Rental Management Companies Adapt Cancellation Policies to Extend Rebooking Dates and Offer Credits
Summary
In response to the COVID-19 pandemic, vacation rental management companies are adapting their cancellation policies. They are extending rebooking dates and offering credits to guests. This allows for flexibility and attempts to retain bookings during uncertain times, providing some relief and financial stability. This is an immediate and critical issue for all hosts.
Key takeaway