Booking cancellation can be made from both the host as well as the guest’s end. It doesn’t matter that who cancels the booking, but the Airbnb Etiquette shows that while canceling a booking, both the parties should be previously acknowledged. This practice often helps to prevent further confusion and future conflicts. Depending upon the cancellation policy, a guest might need to pay a sum of money at the time of cancellation of booking if the booking is canceled after checking in.