Airbnb Will Allow Us Users Book Stays Without Paying Upfront

Airbnb has launched a caller characteristic called “Reserve Now, Pay Later” that lets users successful nan U.S. reserve a spot without paying upfront, perchance allowing group to cancel their bookings pinch little hassle if their plans change.

The characteristic is applicable to properties that person a “flexible” aliases “moderate” cancellation policy. Flexible policies fto users cancel their preservation up to 24 hours earlier they check-in, while mean policies let for no-fee cancellations until 5 days earlier check-in.

Users will request to salary nan afloat magnitude for their booking earlier nan listing’s free cancellation play ends. Airbnb will nonstop users a reminder to salary earlier that date.

Image Credit: Airbnb

The institution is not caller to nan buy-now, pay-later arena. In 2018, it launched a “Pay portion now, portion later” product that allowed users to salary either 20% aliases 50% successful nan first tranche and nan remainder later. In 2023, nan institution teamed up pinch Klarna to fto users salary for their stays successful 4 installments complete six weeks.

Citing a study it conducted pinch Focaldata, Airbnb said 55% of those surveyed preferred a elastic costs action while booking a stay, pinch 42% saying they missed retired connected properties while trying to fig retired costs logistics pinch different travelers.