The feature allows users to cancel eligible bookings if there is a change of plans -- without losing money upfront.

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Airbnb is rolling out its "Reserve Now, Pay Later" feature globally after launching it in the U.S. last year. The feature allows users to book properties with flexible or moderate cancellation policies without immediate payment, getting charged closer to check-in instead. Since launch, it has seen 70% adoption for eligible bookings and contributed to increased nights booked, longer booking lead times, and a shift toward larger homes. The overall cancellation rate increased from 16% to 17%, with higher rates among users of this feature, though Airbnb considers this impact minimal.

Airbnb expands its "Reserve Now, Pay Later" globally

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