Airbnb expands its “Reserve Now, Pay Later” globally

Airbnb has announced the global expansion of its "Reserve Now, Pay Later" feature. This feature allows users to book accommodations without paying upfront, giving them more flexibility to plan their trips. Instead, users can pay closer to their check-in date, and they can cancel eligible bookings without losing any money if their plans change. The expansion of this feature comes as Airbnb aims to provide its users with more convenience and control over their travel plans. This is particularly important in the current climate, where unexpected circumstances can often disrupt travel plans. By offering the "Reserve Now, Pay Later" option, Airbnb is making it easier for users to book their accommodations without the financial commitment upfront. The global rollout of this feature is a strategic move by Airbnb to enhance the user experience and remain competitive in the rapidly evolving vacation rental market.