Breaking news

Cyprus To Launch Green Taxation In May

by THEFUTURE.TEAM

February 12, 2025

Cyprus is set to introduce its long-anticipated green tax system in May 2025, as the government moves into the final stages of preparation, Finance Minister Makis Keravnos confirmed on Tuesday.

Speaking at the Association of Cyprus Tourist Enterprises (ACTE) General Assembly, Keravnos reiterated that the implementation stems from prior commitments, making the reform unavoidable. While the framework is largely in place, the final adjustments to compensatory measures are still being fine-tuned. The government plans to unveil both the tax scheme and its accompanying relief measures simultaneously.

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The upcoming fiscal overhaul will be formally presented on February 26, outlining key elements of Cyprus’ green transition strategy. Once announced, the reforms will move into their implementation phase, marking a significant step toward aligning the country’s economic policies with environmental sustainability goals.

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Airbnb Unveils Reserve Now, Pay Later Option For U.S. Guests

by THEFUTURE.TEAM

August 15, 2025

Introduction

Airbnb has introduced an innovative payment solution designed to enhance user flexibility for U.S. travellers. The new “Reserve Now, Pay Later” feature enables users to secure a booking without an upfront payment, offering a streamlined cancellation process should plans change.

Flexible Payment Terms

This new option applies to listings that feature either flexible or moderate cancellation policies. Under a flexible policy, guests can cancel their reservation up to 24 hours before check-in, while a moderate policy offers no-fee cancellations until five days prior to arrival.

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Payment Timing and Reminders

Regardless of the cancellation window, guests are obligated to complete the full payment before the expiration of the free cancellation period. Airbnb ensures a smooth experience by sending timely payment reminders to avoid any last-minute issues.

Evolution of Airbnb’s Payment Solutions

This initiative builds on Airbnb’s previous forays into flexible payment structures. In 2018, the company offered a partial upfront payment model, and more recently, a collaboration with Klarna enabled guests to pay in four installments over six weeks. Such strategic advancements demonstrate Airbnb’s commitment to adapting and refining its payment solutions to meet evolving consumer demands.

Consumer Insight Driving Innovation

Airbnb’s decision to launch the “Reserve Now, Pay Later” feature reflects robust consumer demand, with recent surveys indicating that 55% of respondents prefer flexible payment options. Additionally, 42% noted missed opportunities due to payment complexities when coordinating with travel companions, underlining the need for simplified financial arrangements.

Conclusion

By enhancing payment flexibility, Airbnb not only broadens its appeal but also addresses critical customer pain points, reinforcing its position as a leader in the evolving travel market. This initiative exemplifies how strategic innovation can drive customer satisfaction in an increasingly competitive landscape.