Cathryn and I have learned from personal experience that not all hotel or vacation property rentals are fully refundable upon cancellation. Some are partially refundable, depending on how much in advance you cancel your reservation. Please read the fine print or look for the Cancellation Policy before you book your next weekend getaway or family vacation.

This was copied from an Air Bnb listing:

Many of us are now aware at how fickle the Airline industry can be when it comes to cancelling flights, although we lucked out and eventually received cash refunds on international flights we had to cancel because of the global pandemic. We weren’t so fortunate with AirBnb. Where we were able to recoup funds on our hotel room bookings through Hotels.com, we lost most of our money deposited with AirBnb.

The policy below is from Hotels.com:

VRBO (Vacation Rentals by Owner) and other companies have cancellation policies similar to AirBnb, you have to read the fine print to see what your different options are. Some give a full refund up to a certain date and partial after another date, minus the up front service fees, where others offer no refund at all.

The list below is from VRBO:

So be sure to read the fine print before you make your next booking.