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 checkedfour sentences · whole, uncut
the claims it rests on · in our words, not the filing’s