Have you ever used AirBnB?
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The system allow host to cancel on you if they think they can make more money renting to someone else. Given that the renter may already have non refundable expense at that point (plane tickets, entertainment tickets,...) and that there may not be comparable quality/price/location available by the time the cancellation happen, this can leave the customer in a bad situation and AirB&B doesn’t care. So while I have had some positive experiences, there’s definitely significant risk associated with usage of there services.
AirBnb does penalize hosts for cancellations including banning hosts who cancel 3 times in one year. Only book with highly rated hosts who have long hosting history and you will avoid cancellations.
You have no idea what you are talking about. If a host cancels he is not allowed to rent the same dates to anyone else in Airbnb platform