Airbnb Launches Global Reserve Now, Pay Later Program
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Feb 17 2026
0mins
Should l Buy ABNB?
Airbnb said that it is extending its Reserve Now, Pay Later program to all guests booking eligible listings with a moderate or flexible cancellation policy anywhere in the world. The company introduced the feature last summer in the U.S. as a new way for guests to choose eligible domestic stays and pay nothing at booking.
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Analyst Views on ABNB
Wall Street analysts forecast ABNB stock price to rise
29 Analyst Rating
12 Buy
16 Hold
1 Sell
Moderate Buy
Current: 133.670
Low
107.00
Averages
144.85
High
180.00
Current: 133.670
Low
107.00
Averages
144.85
High
180.00
About ABNB
Airbnb, Inc. operates a global platform for stays and experiences. The Company’s marketplace model connects hosts and guests online or through mobile devices to book spaces and experiences around the world. The Company has built its platform to onboard new hosts, especially those who previously had not considered hosting. It partners with hosts throughout the process of setting up their listing and provides them with a suite of tools to manage their listings, including scheduling, merchandising, integrated payments, community support, host protection, pricing guidance, and feedback from reviews. Its Website and mobile applications provide its guests with a way to explore a variety of homes and experiences and an easy way to book them. Its technology platform powers its two-sided marketplace and enables its global network of hosts and guests. It owns a trademark portfolio with protection in 220 countries in which it operates for its primary brands, AIRBNB, and its Belo logo.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
Analysis of Airbnb's Asset-Light Business Model
- Business Model Overview: Airbnb operates an asset-light business model, meaning the company does not directly own properties but connects hosts and guests through its platform, thereby reducing operational costs and increasing flexibility.
- Market Positioning: This model allows Airbnb to rapidly expand its market coverage by leveraging available properties worldwide, catering to diverse customer needs and enhancing its competitiveness in the short-term rental market.
- Financial Impact: By avoiding property maintenance and management costs, Airbnb can allocate more resources to technological innovation and marketing, thereby improving user experience and brand recognition.
- Future Outlook: As the travel industry recovers, Airbnb's asset-light model will enable it to maintain flexibility in the market, quickly adapting to changing consumer demands and market trends.
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- Surging Fuel Costs: By the end of March, jet fuel prices in Europe surged 103% compared to the previous month, forcing airlines to cope with higher operating costs by increasing surcharges and canceling unprofitable routes.
- Flight Reductions: Major airlines like Lufthansa, SAS, and Air France-KLM have begun cutting flights, which is expected to impact long-haul travel demand, particularly for routes to the Middle East.
- Rail Travel Gains: Eurostar ticket sales to France surged 42% in April among UK residents, indicating a rising interest in rail travel, especially as flight uncertainties increase.
- Domestic Tourism Revival: Due to economic uncertainty and high international airfare, more UK families are opting for staycations, with Airbnb searches for UK stays up 15% year-on-year, reflecting strong domestic travel demand.
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- Oil Reserve Scale: China added an average of 1.1 million barrels per day to its strategic reserves in 2025, bringing its total to approximately 360 million barrels by December 2025, closely approaching the U.S. reserves of nearly 414 million barrels, highlighting China's significant role in the global energy market.
- Impact on U.S. Relations: The increase in Chinese imports of Iranian crude could prompt the U.S. to impose a second round of sanctions on Sino-Iranian trade, escalating tensions between the two nations and potentially affecting the agenda of the upcoming high-level meeting.
- Market Dynamics Shift: According to Kpler, the completion of Middle Eastern cargo discharges has led to a rapid inventory drawdown, which may slow refining rates and further impact global oil price volatility, indicating a shift in market dynamics.
- Strategic Reserve Role: China's strategic petroleum reserves serve as a hedge against supply constraints and price volatility, particularly amid escalating tensions with the U.S. and sanctions, underscoring its strategic significance in global energy security.
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Consumer Stocks Rise Late Friday Afternoon
- Consumer Stock Recovery: Consumer stocks broadly rose late Friday afternoon, indicating a gradual restoration of market confidence in the consumer goods sector, particularly against the backdrop of economic recovery.
- Improved Market Sentiment: An increase in investor expectations for consumer demand has driven up related stocks, reflecting a bullish outlook on future consumption growth.
- Sector Preference Shift: As consumer spending rises, heightened market attention on consumer goods may attract more capital into the sector, further propelling stock prices upward.
- Economic Recovery Indicator: The rise in consumer stocks is viewed as a positive signal for economic recovery, suggesting enhanced consumer confidence that could foster further overall economic growth.
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Airbnb Faces Multi-Year Growth Potential from Booking and Policy Changes
- Booking Changes Impact: Airbnb is experiencing changes in booking policies that could provide multi-year compounding growth potential, enhancing its competitive position in the market.
- Policy Adjustment Opportunities: With policy adjustments, Airbnb can better adapt to market demands, attracting more users and improving overall business performance, which is expected to positively impact revenue.
- Long-Term Growth Outlook: The multiple growth drivers facing the company, particularly in the context of changing policies and market environments, may provide strong support for its future financial performance, boosting investor confidence.
- Market Adaptability: Airbnb's flexibility and adaptability enable it to maintain a competitive edge in a rapidly changing market, which is expected to further drive user growth and increase market share.
See More
Job Report Exceeds Expectations, Market Rallies
- Strong Job Market: The U.S. Labor Department reported a 115,000 increase in nonfarm payrolls for April, surpassing economists' expectations of 55,000, while the unemployment rate held steady at 4.3%, indicating labor market stability that may weaken the case for near-term Fed rate cuts.
- Nike Downgrade: Wells Fargo downgraded Nike due to concerns that the company's turnaround could take longer than investors hoped, with shares down approximately 30% this year, making it the second-worst performer in the Dow, reflecting the increasingly challenging retail environment.
- Qnity Electronics Performance: Qnity Electronics is set to report earnings on Tuesday, following an impressive beat-and-raise quarter from its former parent, DuPont; Qnity shares have surged about 80% this year, with Deutsche Bank raising its price target from $140 to $170, driven by strong semiconductor demand.
- Rapid Fire Review: The rapid-fire segment at the end of the video covered stocks including CoreWeave, Texas Roadhouse, Cloudflare, DraftKings, and Airbnb, highlighting investor interest in diverse investment opportunities.
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Analysis of Airbnb's Asset-Light Business Model
- Business Model Overview: Airbnb operates an asset-light business model, meaning the company does not directly own properties but connects hosts and guests through its platform, thereby reducing operational costs and increasing flexibility.
- Market Positioning: This model allows Airbnb to rapidly expand its market coverage by leveraging available properties worldwide, catering to diverse customer needs and enhancing its competitiveness in the short-term rental market.
- Financial Impact: By avoiding property maintenance and management costs, Airbnb can allocate more resources to technological innovation and marketing, thereby improving user experience and brand recognition.
- Future Outlook: As the travel industry recovers, Airbnb's asset-light model will enable it to maintain flexibility in the market, quickly adapting to changing consumer demands and market trends.
See More
Europe's Airlines Face Jet Fuel Crisis Amid Rising Costs
- Surging Fuel Costs: By the end of March, jet fuel prices in Europe surged 103% compared to the previous month, forcing airlines to cope with higher operating costs by increasing surcharges and canceling unprofitable routes.
- Flight Reductions: Major airlines like Lufthansa, SAS, and Air France-KLM have begun cutting flights, which is expected to impact long-haul travel demand, particularly for routes to the Middle East.
- Rail Travel Gains: Eurostar ticket sales to France surged 42% in April among UK residents, indicating a rising interest in rail travel, especially as flight uncertainties increase.
- Domestic Tourism Revival: Due to economic uncertainty and high international airfare, more UK families are opting for staycations, with Airbnb searches for UK stays up 15% year-on-year, reflecting strong domestic travel demand.
See More
China Amasses World's Largest Crude Oil Stockpile
- Oil Reserve Scale: China added an average of 1.1 million barrels per day to its strategic reserves in 2025, bringing its total to approximately 360 million barrels by December 2025, closely approaching the U.S. reserves of nearly 414 million barrels, highlighting China's significant role in the global energy market.
- Impact on U.S. Relations: The increase in Chinese imports of Iranian crude could prompt the U.S. to impose a second round of sanctions on Sino-Iranian trade, escalating tensions between the two nations and potentially affecting the agenda of the upcoming high-level meeting.
- Market Dynamics Shift: According to Kpler, the completion of Middle Eastern cargo discharges has led to a rapid inventory drawdown, which may slow refining rates and further impact global oil price volatility, indicating a shift in market dynamics.
- Strategic Reserve Role: China's strategic petroleum reserves serve as a hedge against supply constraints and price volatility, particularly amid escalating tensions with the U.S. and sanctions, underscoring its strategic significance in global energy security.
See More
Consumer Stocks Rise Late Friday Afternoon
- Consumer Stock Recovery: Consumer stocks broadly rose late Friday afternoon, indicating a gradual restoration of market confidence in the consumer goods sector, particularly against the backdrop of economic recovery.
- Improved Market Sentiment: An increase in investor expectations for consumer demand has driven up related stocks, reflecting a bullish outlook on future consumption growth.
- Sector Preference Shift: As consumer spending rises, heightened market attention on consumer goods may attract more capital into the sector, further propelling stock prices upward.
- Economic Recovery Indicator: The rise in consumer stocks is viewed as a positive signal for economic recovery, suggesting enhanced consumer confidence that could foster further overall economic growth.
See More
Airbnb Faces Multi-Year Growth Potential from Booking and Policy Changes
- Booking Changes Impact: Airbnb is experiencing changes in booking policies that could provide multi-year compounding growth potential, enhancing its competitive position in the market.
- Policy Adjustment Opportunities: With policy adjustments, Airbnb can better adapt to market demands, attracting more users and improving overall business performance, which is expected to positively impact revenue.
- Long-Term Growth Outlook: The multiple growth drivers facing the company, particularly in the context of changing policies and market environments, may provide strong support for its future financial performance, boosting investor confidence.
- Market Adaptability: Airbnb's flexibility and adaptability enable it to maintain a competitive edge in a rapidly changing market, which is expected to further drive user growth and increase market share.
See More
Job Report Exceeds Expectations, Market Rallies
- Strong Job Market: The U.S. Labor Department reported a 115,000 increase in nonfarm payrolls for April, surpassing economists' expectations of 55,000, while the unemployment rate held steady at 4.3%, indicating labor market stability that may weaken the case for near-term Fed rate cuts.
- Nike Downgrade: Wells Fargo downgraded Nike due to concerns that the company's turnaround could take longer than investors hoped, with shares down approximately 30% this year, making it the second-worst performer in the Dow, reflecting the increasingly challenging retail environment.
- Qnity Electronics Performance: Qnity Electronics is set to report earnings on Tuesday, following an impressive beat-and-raise quarter from its former parent, DuPont; Qnity shares have surged about 80% this year, with Deutsche Bank raising its price target from $140 to $170, driven by strong semiconductor demand.
- Rapid Fire Review: The rapid-fire segment at the end of the video covered stocks including CoreWeave, Texas Roadhouse, Cloudflare, DraftKings, and Airbnb, highlighting investor interest in diverse investment opportunities.
See More
