Insight
Airbnb's 'Reserve Now, Pay Later' (RNPL) allows guests to book with $0 down, which may lead to an increased number of speculative 'phantom bookings'.
Vrbo Introduces Buy Now, Pay Later for Vacation Rentals
Summary
Vrbo's partnership with Affirm introduces Buy Now, Pay Later (BNPL) options, allowing guests to pay in installments for stays up to 24 months. This gives guests flexibility and could increase bookings, but hosts should be aware of the potential risks of phantom bookings from Airbnb's Reserve Now, Pay Later (RNPL) feature.
Key takeaway