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 Insights
- •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 guests can now pay for their trips in installments over periods ranging from 3, 6, 12, or even up to 24 months, with rates potentially starting at 0% APR.
Action Items
- ✓Regularly review your upcoming Airbnb bookings, especially those made far in advance with an RNPL option and prepare your re-booking strategies if a payment fails.Effort: lowImpact: medium
Tools & Resources
- →Vrbo Help Center: Vrbo's Help Center outlines how Affirm works.(vrbo.com/help)
Common Mistakes
- ⚠Airbnb's 'Reserve Now, Pay Later' feature presents the risk of 'phantom bookings' where a guest cancels just before the free cancellation period ends.
Related Videos
More from Pricing & Profitability
This article explores the value of community and structured learning in revenue management, contrasting it with the common autodidactic approach. It emphasizes the limitations of self-directed learning and highlights the benefits of collaborative learning through RevProf, a platform designed for peer-driven discourse. It stresses the importance of challenging assumptions, refining judgment through dialogue, and building a community for professional growth.
This article discusses a new tool that helps Airbnb hosts assess their earning potential during the World Cup. It highlights the significance of the event in driving demand. The tool could be useful for hosts in cities hosting matches, helping them optimize pricing and maximize revenue.
Airbnb has launched a Host Earnings Calculator for the FIFA World Cup 2026, offering hosts a tool to estimate potential earnings. This tool is a response to the anticipated surge in demand during the event, potentially leading to increased occupancy and ADR. Hosts can utilize this to evaluate the profitability of their properties and optimize their pricing strategies for the event.
Curated by Learn STR by GoStudioM