Airbnb, one of the most popular vacation booking platforms in the United States, is introducing a new program that offers the option of reserving a stay with no upfront payments for U.S. guests traveling domestically.
The “Reserve Now, Pay Later” program is designed to provide more financial flexibility for guests when they book eligible domestic stays by offering a zero-dollar payment option when they reserve their getaways.
“This marks a major step forward in Airbnb’s commitment to offer more flexible options for guests that may also lead to more bookings for hosts,” the company noted in a statement.
The new program is now available for those listings with a moderate cancellation policy and lets guests wait until shortly before the end of the listing’s free cancellation period to pay the full rental amount. Airbnb hosts typically decide on their own cancellation policies because payments are always due prior to that date. If the guest cancels, the host still has sufficient time to secure another booking….