Airbnb Sees Lift in Third Quarter From Reserve Now, Pay Later

Reserve Now, Pay Later has become a significant growth driver for Airbnb.

Airbnb said Thursday that the feature, which enables guests in the U.S. to delay any payment until a week or so before their stays, "helped drive the acceleration of Nights and Seats Booked in Q3."

Nights and Seats Booked, which is mostly for stays but also includes Experiences and Services, increased 9% year-over-year in the third quarter. In the second quarter, that growth was 7%.

Airbnb rolled out Reserve Now, Pay Later in the U.S. in late June as a test, and officially launched it in August. "We are seeing strength in longer lead time bookings, in part driven by our Reserve Now, Pay Later offering in the U.S., support