Airbnb's cancellation policy that they give for those of us who typically rent for 7 days are less is unaccaptable compared to VRBO/Homeaway. Today I received a 7 day cancellation and received only 50 percent refund. This was a date that I had two people vying for. Now I'll be unable to fill it.
With VRBO, I have the ability to set up no refunds within 30 days. This gives me the ability to try to book this block of time in a month vs 7 days.
Homeaway/VRBO has it right on this one. They protect the homeowners.