Coming off from the holidays, there’s one piece of good news for travelers from the popular accommodation site Airbnb. They just announced a new feature where travelers who would book accommodations through the site can opt to pay 50% of the total amount upfront and the rest is payable before the actual check in date.
We had the chance to use Airbnb when we traveled to Taiwan and it was really convenient. The host is very friendly and helpful and the room was really nice and clean with bonus snacks and lots of toiletries.
From the Airbnb site:
Pay Less Up Front helps our hosts as well. Given the ability to pay in installments, hosts won’t lose out on bookings from cash flow-sensitive guests who prefer not to pay the entire amount up front. What’s more, we’ve found that Pay Less Up Front encourages bookings further in advance: Compared with ordinary bookings, the Pay Less Up Front payment option led to bookings with nearly double the lead time, helping hosts to secure and manage bookings more easily.
With Pay Less Up Front, guests can pay for part of their trip at the time of booking, and the rest closer to check-in.
The upfront payment will be a 50% deposit in most cases. The rest can be paid closer to the check-in date.
In our testing, we found that 40% of people who were given the option to Pay Less Up Front opted to do so, and that the feature led to higher-value bookings for hosts and nearly double the booking lead time.
To qualify for Pay Less Up Front, the total stay must be $250 or more, and be booked at least 14 days from the check-in date.
For the full article head on to their site here.