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The Shift in European Working Hours: What’s Behind the Decline?

by News Editor

June 16, 2025

Over the last decade, workers across Europe have seen a gradual reduction in weekly working hours. On average, the EU has experienced a drop of one hour per week, amplifying to more than an hour in nearly half of its 34 nations.

Where Do Europeans Work the Longest?

According to recent data, countries in Southern and Eastern Europe endure the longest workweeks. Turkey leads at 43.1 hours, followed by Serbia and Bosnia. In contrast, nations like the Netherlands exhibit significantly shorter working weeks, highlighting strong labor protections.

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Decadal Shifts in Working Times

From 2014 to 2024, only four countries witnessed an uptick in working hours, with Serbia marking a rise of 1.7 hours. Meanwhile, Iceland and Turkey underwent the steepest declines, exceeding three hours.

Why Are Working Hours Declining?

Declines are closely tied to increased part-time work and greater female workforce participation, with many opting for flexible hours. A study mentioned by the ECB attributes this decline to technological advancements and voluntary part-time employment. Seeking a balance between life and work reflects increased income levels and a diminishing drive to clock in longer hours.

These dynamic factors reshape Europe’s labor markets, marking a cultural and economic shift.

The Future Forbes Realty Global Properties

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.