While I understand the reasoning behind the new host cancellation policy and penalties, I believe Airbnb should consider adding a 24 hour grace-period. I don't think a cancellation done within 24 hours of the booking is going to adversely affect the guests. Everyone makes mistakes, and if a host catches it soon, I don't think we should be punished unless it's an ongoing problem. It would be nice if they could give hosts at least one cancellation per year without penalty as long as it's done within 24 hours of the booking.
What are everyone else's thoughts?