Hello @Happy-Mmila0
What is your cancellation policy? If it is flexible then yes guests can cancel with 24 hours notice but on the plus side, the Airbnb algorithm will place your listing higher because you are so flexible. However, this means that if you don't have a last minute reservation to make up for this cancellation, then you will be out of pocket
If you want to see what other cancellation policies are available to you, here is the list of options that Airbnb offer to hosts:
https://www.airbnb.com/help/article/475
all the best
Joëlle