Drawing from multiple news sources, Airbnb is expanding its "Reserve Now, Pay Later" feature globally, allowing users to book accommodations without immediate payment and cancel without upfront financial loss, mirroring the popular "buy now, pay later" model. This feature, already successful in the U.S., has increased bookings, booking lead times, and average daily rates, though it has also slightly increased cancellation rates, according to company reports.
Drawing from multiple news sources, Airbnb is expanding its "Reserve Now, Pay Later" feature globally, allowing users to book accommodations without immediate payment and cancel without upfront financial loss, mirroring the popular "buy now, pay later" model. This feature, already successful in the U.S., has increased bookings, booking lead times, and average daily rates, though it has also slightly increased cancellation rates, according to company reports.
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