Vrbo Buy Now Pay Later: What the New Affirm Partnership Means for Managers - RSU by PriceLabs
Summary
This article discusses the new partnership between Vrbo and Affirm, a 'Buy Now, Pay Later' (BNPL) service. This collaboration allows guests to pay for their Vrbo bookings in installments, potentially increasing bookings. Managers should understand the implications of this feature for revenue and guest management.
Key Insights
- •The Vrbo and Affirm partnership introduces a 'Buy Now, Pay Later' (BNPL) option for guests, allowing them to split payments.
Action Items
- ✓Hosts should monitor booking patterns and payment trends after the implementation of the BNPL option to assess its impact on occupancy and revenue.Effort: lowImpact: medium
Tools & Resources
- →Affirm: The article references the Vrbo and Affirm partnership.(affirm.com)
More from Pricing & Profitability
This article discusses Kansas City's high occupancy rates compared to other World Cup host cities, raising questions about the effectiveness of efforts to increase short-term rental availability. It implicitly touches on market trends and the impact of major events on the STR market. The article likely explores whether increased rental supply can meet demand while analyzing the city's approach to STRs.
Realtor.com's report on best mountain towns for Airbnb returns reveals key locations for STR investment. The analysis likely includes data on occupancy rates, ADR, and RevPAR to identify profitable markets. Understanding these trends helps hosts optimize pricing strategies and choose lucrative destinations.
Airbnb is offering a $750 incentive for some hosts in Georgia during the FIFA World Cup, potentially boosting occupancy and profitability. This program seeks to capitalize on increased demand from the international event, offering financial benefits to participating hosts. Learn how to qualify and leverage this incentive for your STR.
Curated by Learn STR by GoStudioM