@Yolanda22, according to the cancellation policy you selected, the guest will be refunded in full, except for the AirBnB service fee.
You won't receive anything.
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Flexible: Full refund 1 day prior to arrival, except fees
- Cleaning fees are always refunded if the guest did not check in.
- The Airbnb service fee is non-refundable.
- If there is a complaint from either party, notice must be given to Airbnb within 24 hours of check-in.
- Airbnb will mediate when necessary, and has the final say in all disputes.
- A reservation is officially canceled when the guest clicks the cancellation button on the cancellation confirmation page, which they can find in Dashboard > Your Trips > Change or Cancel.
- Cancellation policies may be superseded by the Guest Refund Policy, safety cancellations, or extenuating circumstances. Please review these exceptions.
- Applicable taxes will be retained and remitted.
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I strongly recommend that you change your cancellation policy to moderate or strict, and that you require a Security Deposit.
More essential reading for hosts.
https://community.airbnb.com/t5/General-Hosting/Community-Help-Guides/m-p/23100#U23100