The new update takes effect in the fall, Bloomberg wrote last week. 

The company said in a statement: "We believe that survivors should be able to bring claims in whatever forum is best for them. We encourage our industry peers within the travel and hospitality space to consider taking similar steps for their respective communities."

Bloomberg had previously reported on violent crimes that had taken place at Airbnb listings. That report pointed out that Airbnb had spent millions of dollars on settlement payouts and had used its binding arbitration clause as a shield from being sued.