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'The golden years are not golden': Boomers are hoarding most of America's wealth and power because they're terrified of outliving their money

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'The golden years are not golden': Boomers are hoarding most of America's wealth and power because they're terrified of outliving their money

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Gen Zers are arriving at college unable to even read a sentence—professors warn it could lead to a generation of anxious and lonely graduates

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Trump stunned as stocks fall on great jobs report. Barclays explains why ‘we are entering the warning zone'
Airbnb

Cuba libre! Airbnb stays in the country are free this week

By
Benjamin Snyder
Benjamin Snyder
Managing Editor
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By
Benjamin Snyder
Benjamin Snyder
Managing Editor
Down Arrow Button Icon
July 22, 2015, 10:17 AM ET
APTOPIX Cuba Classic Cars Photo Gallery
In this Oct. 15, 2014 photo, a man drives a classic American car on The Malecon in Havana, Cuba. This classic still running on the streets of Havana is part of a fleet of classic cars that have become an icon of tourism in the socialist nation. (AP Photo/Franklin Reyes)Photograph by Franklin Reyes — AP

With the Cuban Embassy reopening in Washington, D.C., this week, room-sharing service Airbnb says it will cover the cost for U.S. travelers booked to stay in the country.

The Cuba refund will apply to trips booked prior to July 20 for travel between July 19 and July 26.

A trade embargo was lifted and travel to Cuba has been allowed once again after President Barack Obama enacted policy changes at the end of last year.

“In the most significant changes in our policy in more than fifty years, we will end an outdated approach that, for decades, has failed to advance our interests, and instead we will begin to normalize relations between our two countries,” the White House said at the time. “Through these changes, we intend to create more opportunities for the American and Cuban people, and begin a new chapter among the nations of the Americas.”

Nathan Blecharczyk, a co-founder and CTO of Airbnb, recently wrote for Fortune about Cuba’s economy. He said that since Airbnb started allowing listings in Cuba in April, there are over 2,000 rentals available.

“For the first time in decades, authorized U.S. travelers will have the chance to experience authentic Cuban hospitality at homes across the island,” an Airbnb blog post announced at the time. “Despite its proximity to the U.S., Cuba has been off limits to most Americans for over 50 years. Part of Cuba’s appeal to visitors is that it offers an experience unlike anything else.”

Airbnb announced its plan to pay for guests’ stays via Twitter.

To our guests who booked trips to #Cuba this week, good news: We're celebrating the embassy re-opening and your stay is on us!

— Airbnb (@Airbnb) July 20, 2015

It later clarified the specifics of the deal when customers pressed for more information.

@laura_hdez11 Hi Laura! It's only for trips booked prior to July 20th for travel between July 19th – July 26th. Have fun while you're there!

— Airbnb (@Airbnb) July 22, 2015


About the Author
By Benjamin SnyderManaging Editor
LinkedIn iconTwitter icon

Benjamin Snyder is Fortune's managing editor, leading operations for the newsroom.

Prior to rejoining Fortune, he was a managing editor at Business Insider and has worked as an editor for Bloomberg, LinkedIn and CNBC, covering leadership stories, sports business, careers and business news. He started his career as a breaking news reporter at Fortune in 2014.

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