Vacation and apartment rental service Airbnb this week launched
a new way for its customers to cut down the initial cost of expensive bookings for an Airbnb location.
Called "Pay Less Up Front" and available on iOS, Android, and the web, the feature allows guests to choose to pay for part of their trip at the time of booking in the form of a 50 percent deposit "in most cases." When their check-in date draws closer, the app will send the guest a notification and then they'll have to pay for the rest of the trip.
The checkout update is Airbnb's first major overhaul to guest payment options, and prior to the feature Airbnb users had to pay for the entirety of their trip immediately. In testing, the company said that 40 percent of its guests chose Pay Less Up Front and were willing to opt for higher-value bookings due to the payment plan. The update also satisfied hosts, who saw more booking activity on costlier listings and improved lead times to prepare locations for guests.
Pay Less Up Front helps our hosts as well. Given the ability to pay in installments, hosts won’t lose out on bookings from cash flow-sensitive guests who prefer not to pay the entire amount up front. What’s more, we’ve found that Pay Less Up Front encourages bookings further in advance: Compared with ordinary bookings, the Pay Less Up Front payment option led to bookings with nearly double the lead time, helping hosts to secure and manage bookings more easily.
There are two requirements for Pay Less Up Front: the total stay for the listing has to cost $250 or more, and it must be booked at least 14 days ahead of the check-in date. If these requirements are met, guests should start seeing Pay Less Up Front as a checkout option now on Airbnb's iOS and Android apps, as well as on the desktop and mobile web versions of the site.Discuss this article
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Facebook is apparently connecting with many of its own employees.
It ranked as the best tech company to work for in 2017 and came in second among U.S. companies overall, according to a new report from Glassdoor. The ninth annual list is based on employee reviews posted on the job site from Nov. 2, 2015 to Oct. 30, 2016.
Facebook took the number one spot overall in 2011 and 2013 and was number five last year. This year, management consultancy Bain and Company returned to the top spot.
It was another good year for the tech industry overall, which accounted for 20 of the top 50 companies in the United States. Apple and Google, along with Bain, are the only employers to make the list for all nine consecutive years. Read more…
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Where people go, scammers follow, so it’s no surprise to find the sharing economy being targeted.
Australia’s consumer watchdog issued a notice Monday, warning holiday-goers that scams relating to accommodation booking sites such as Airbnb are on the rise.
In fact, complaints about sharing economy cheats to the Australian Competition and Consumer Commission’s (ACCC) Scamwatch have tripled since 2015.
In 2016, there were more than 150 reports and A$80,000 reported lost, compared to A$65,000 last year.
ACCC deputy chair Delia Rickard warned in a statement that scammers have a number of methods: They are likely to direct consumers away from the Airbnb site to make transactions, or create fake versions of the online platform as well as scam emails to steal personal information. Read more…
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After rallying hosts to fight a New York state law that fines them for posting technically illegal listings on Airbnb, the company has abandoned the cause.
Airbnb settled a lawsuit against New York on Friday on the condition that fines for violating the states’s apartment rental rules would only be leveled against hosts and not the company. The law was always written in a way that implied its fines of up to $7,500 would apply to hosts, but now Airbnb has that distinction in writing.
“We very much see this as a material step forward for our hosts, with Airbnb and the city agreeing to ‘work cooperatively on ways to address New York City’s permanent housing shortage, including through host compliance with Airbnb’s One Host, One Home policy,'” Airbnb said in a statement. “We look forward to using this as a basis to finding an approach that protects responsible New Yorkers while cracking down on illegal hotels that remove permanent housing off the market or create unsafe spaces.” Read more…
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Faced with pressure from cities around the world, Airbnb is cracking down on hosts who don’t seem to live in the properties they rent.
The company will limit the number of nights a host in London or Amsterdam can rent a property through its short-term rental site. To rent a home for more than 90 days in London or 60 days in Amsterdam, hosts will need to apply for a license.
The automatic cap applies to listings for entire homes, not to rooms in an otherwise in-use house or apartment. The number of nights a year a home is rented and the number of entire home listings in a city are two of the numbers that most concern affordable housing advocates opposed to Airbnb. Read more…
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