@Ray-And-Vicki0 I have a feeling no one really gave you an answer to your question here. You really just have to look at the terms of each cancellation policy and decide which one works for you. I don't know that anyone could say which one is "best"-it depends on your circumstances, what your listing is, etc. I have a moderate cancellation policy myself- if a guest cancels 5 days before check-in, they'll get a full refund (minus the Airbnb fees), if they cancel less than 5 days before, they'll only get 50% back. This works fine for me, as the guests I get are coming on vacation, usually for a week or two-most fly here, so they've had to book airline tickets, arrange time off work, etc,- they're not likely to cancel unless they they have some unavoidable emergency. Also, I don't do Airbnb for the purpose of making as much money as I possibly can- I had a spare room sitting empty and figured why not. But meeting interesting people from all over has been as much of why I do it than the money-making part. So I'm not going to be devastated if someone cancels 5 days before their booking date.
