Airbnbreason 04 of 4it is wired into how the customer already worksderived 2026-09-11accession 0001559720-26-000027
RNPL (Reserve Now, Pay Later) was launched in 2025 and expanded internationally in 2026
RNPL bookings have experienced higher cancellation rates than historic bookings where cash was received at booking
The increase in ADR was driven in part by the continued adoption of RNPL
Unearned fees grew at a rate less than GBV growth rate during H1 2026, primarily due to increased guest adoption of flexible payment options
no findingread · nothing bore on it
It held on this filing. No finding was written because nothing in it bore on the reason — the sentences it was read against are below.
the evidence · every sentence checkedsix sentences · whole, uncut
the claims it rests on
“RNPL (Reserve Now, Pay Later) was launched in 2025 and expanded internationally in 2026”
“RNPL bookings have experienced higher cancellation rates than historic bookings where cash was received at booking”
“The increase in ADR was driven in part by the continued adoption of RNPL”
“Unearned fees grew at a rate less than GBV growth rate during H1 2026, primarily due to increased guest adoption of flexible payment options”
what it was checked against
RNPL launch and expansion timeline
“In 2025, we launched RNPL and expanded it internationally in 2026.”
RNPL higher cancellation rates
“To date, RNPL bookings, which require no payment at the time of booking, have experienced higher cancellation rates than historic bookings in which some or all of the cash was received at the time of booking.”