Jessie Casson
- U.S. guests can now reserve an Airbnb (NASDAQ:ABNB) with no money down with the company’s “Reserve Now, Pay Later” option.
- “This marks a major step forward in Airbnb’s (NASDAQ:ABNB) commitment to offer more flexible options for guests that may also lead to more bookings for hosts,” the company said in a statement on its website.
- The new policy is available for listings with a moderate or flexible cancellation policy and allows guest up to the end of the listing’s free cancellation period to pay the full amount of the listing. Cancellation policies selected by hosts remain unchanged.
- Airbnb (NASDAQ:ABNB) found that 60% of respondents to a recent survey said flexible payment options were important when making a reservation, while 55% said they use a flexible payment option when available. Additionally, 42% of respondents said they have delayed and missed out on their preferred accommodation option because of time spend coordinating payment with co-travelers.
- The “Reserve Now, Pay Later” option is only available for U.S. guests booking eligible U.S.-based listings.
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