The online hospitality service Airbnb announced on Tuesday that it has reversed its November decision to blacklist about 200 Jewish-owned properties in the West Bank and has settled all lawsuits.

“Under the settlement terms, Airbnb will not move forward with implementing the removal of listings in the West Bank from the platform,” said the company in a statement. “We understand the complexity of the issue that was addressed in our previous policy announcement, and we will continue to allow listings throughout all of the West Bank, but Airbnb will take no profits from this activity in the region.”

Instead, all profits will go towards nonprofit groups “dedicated to humanitarian aid that serve people in different parts of the world.”

“Airbnb has always opposed the BDS movement. Airbnb has never boycotted Israel, Israeli businesses or the more than 20,000 Israeli hosts who are active on the Airbnb platform,” added the company. “We have always sought to bring people together and will continue to work with our community to achieve this goal.”

Shurat HaDin Law Center and the Conference of Presidents of Major American Jewish Organizations ere among pro-Israel agencies that celebrated the reversal after months of ongoing pressure from the pro-Israel and Jewish communities.

“This is a powerful defeat for the anti-Israel boycott movement,” they said in a statement. “Other international companies need to learn [similar] lessons.”

“This a critical decision given the high visibility of Airbnb and the attention given to its earlier announcement,” said Conference of Presidents chairman Arthur Stark and executive vice chairman and CEO Malcolm Hoenlein. “The concern was that it was not only discriminatory, but that it would set a precedent for other companies and be portrayed as an endorsement of the Boycott, Divestment and Sanctions [BDS] movement.”