Payment network Affirm has partnered with full-service hospitality management company Brittain Resorts & Hotels. Now, approved hotel guests can book accommodations at more than 15 hotels and resorts and pay over time with Affirm.
By selecting Affirm at checkout, approved guests can split the total cost of any purchase over $150 into monthly payments up to 18 months. They are shown the total cost of their purchase and will never pay more than they agree to up front. Affirm never charges customers any late or hidden fees such as compounding or deferred interest. For example, a $1,000 purchase might cost $64.76/mo over 18 months at 20 percent APR.
“We’ve been pleasantly surprised by the initial response. Our guests seem to like paying for their vacations over time and the overall spend per guest is greater when using Affirm. We plan to implement this option in our call center over the next couple of months,” Brian Miller, VP of sales at Brittain Resorts & Hotels, said in a statement.
“Hotel guests remain eager to pay over time for trips, and at Affirm we saw 35 percent growth year over year in travel and ticketing for the quarter ending March 31,” said Pat Suh, Affirm’s SVP of revenue. “Partnering with Brittain Resorts & Hotels means guests now have a flexible payment option when booking accommodation that never charges any late or hidden fees.”