This post contains references to products from one or more of our advertisers. We may receive compensation when you click on links to those products. For an explanation of our Advertising Policy, visit this page.
There’s nothing better than going on vacation with friends and family and sharing new memories. But when it comes to splitting the bill at the end of the trip, well, that’s something not everyone loves — except for the organizer who likely helped to foot the bill at the beginning. Airbnb has introduced a new feature to alleviate this; beginning today, you can split the bill with everyone at the time of booking an Airbnb.
The new feature allows one person to book an Airbnb and after that, there’s a page where you can invite friends to split the cost. The organizer pays their share and the booking will be placed on hold until everyone in the party has fulfilled their payment. If everyone doesn’t fulfill the payment before the deadline within 72 hours of the booking, the reservation will be forfeited and everyone will get their money back.
Around Christmastime last year, Airbnb co-founder and CEO Chesky tweeted: “If @Airbnb could launch anything in 2017, what would it be?” The overwhelming response was a group payment method. Airbnb is the first accommodation provider to offer a split payment feature, but the concept is not new. Ride-sharing companies like Uber and Lyft both have split fare features and Uber says it is one of the most utilized feature on its app.
If @Airbnb could launch anything in 2017, what would it be?
— Brian Chesky (@bchesky) December 26, 2016
According to Airbnb, the most popular destinations for group bookings in the US (five or more people are traveling together) are Los Angeles, Nashville, Las Vegas, Kissimmee, Florida and New York City. As far as group travel around the globe goes: Tokyo, London, Paris and Rome are the most popular destinations for groups.
According to an Airbnb survey of 2,000 American travelers, 79% have been on group trips in the last five years. 52% report that they’ve fronted $500 or more and 31% have fronted more than $1,000. The new feature hopes to alleviate the financial burden on one person paying for lodging. It will also offer more listings that would otherwise fall outside the organizer’s what the organizer may be able to afford.
A pilot program of the new tool was launched in June, 2017 and over 80,000 groups successfully split payments for their travel from all over the world.
Photo by @rycette via Twenty20
Know before you go.
News and deals straight to your inbox every day.
NEW INCREASED OFFER: 60,000 points! With great travel benefits, 2x points on travel & dining and a 60,000 point sign up bonus worth up to $1,200 in value, the Chase Sapphire Preferred is a great card for those looking to get into the points and miles game. Here are the top 5 reasons it should be in your wallet, or read our definitive review for more details.
- Earn 60,000 bonus points after you spend $4,000 on purchases in the first 3 months from account opening. That's $750 toward travel when you redeem through Chase Ultimate Rewards®
- Chase Sapphire Preferred named "Best Credit Card for Flexible Travel Redemption" - Kiplinger's Personal Finance, June 2018
- 2X points on travel and dining at restaurants worldwide & 1 point per dollar spent on all other purchases.
- No foreign transaction fees
- 1:1 point transfer to leading airline and hotel loyalty programs
- Get 25% more value when you redeem for airfare, hotels, car rentals and cruises through Chase Ultimate Rewards. For example, 60,000 points are worth $750 toward travel
- No blackout dates or travel restrictions - as long as there's a seat on the flight, you can book it through Chase Ultimate Rewards