Just read the contract (which I failed to do when I signed up for hosting).
Airbnb lawyers gave themselves pretty much carte blanche to change the contract anytime they saw fit (this contract is not worth the screen it appears upon).
However, modification does require a 30-day notice to users. So can they just use the extenuating circumstance policy to wiggle out of their own cancellation policies?
With the Extenuating Circumstances policy now being extended to May 30, I am going to lose over $8,000. And no, 25% refund will not cover my mortgage and HOA dues.
I really think hosts have an opportunity to try and enforce that 30-day notice clause. Sure, I feel badly for the guests who lose money, but that is discretionary income. Hosts' money is survival income. And guests should always, always buy "cancel for any reason" trip insurance.