How Airbnb plans to avoid more horror stories: CEO

After an Airbnb-listed Canadian home was trashed last month by its guests, CEO Brian Chesky said Monday the company has taken steps to avoid such horror stories.

"We now have this thing called Verified ID where we can verify driver's licenses or passports and cross-reference them with social accounts," Chesky told CNBC's "Squawk Alley."

Chesky added that further measures would be implemented down the road.

On April 29, CBC News reported that a Calgary family found their home wrecked by their guests. "Our hardwood floors are all popping because there are pools of liquor. There's glass shards, there's dent in our walls, toilets flooded and plugged with condoms," homeowner Star King told the station.

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The report added that damages amounted to more than $50,000 and that the King Family would be reimbursed by the lodging site's Host Guarantee insurance, which covers up to $1 million in damages.