Airbnb said on Tuesday that it is launching its “Reserve Now, Pay Later” feature — which lets users secure bookings without immediate payment globally. This allows users to cancel their bookings if there is a change of plans without losing money upfront.The company launched the feature in the U.S. last year for domestic travel. Airbnb said that properties with a “flexible” or “moderate” cancellation policy are eligible for the upfront reservation. With this option, users get charged closer to their check-in date rather than at the time of booking. The company has been experimenting with pay-later products for years now. Back in 2018, Airbnb launched a product that allowed users to book a property by paying 20% or 50% of the total charges. upfront, with the rest due later. Is the feature good for property owners ?
