Airbnb’s last-minute buy
Print Edition
AIRBNB is acquiring last-minute booking service HotelTonight in order to boost its offerings. Terms weren’t revealed.
HotelTonight co-founder and CEO Sam Shank will lead Airbnb’s boutique-hotel category. HotelTonight will operate separately, offering discounted rooms for last-minute trips. It has partnerships with thousands of hotels in North and South America, Europe and Australia.
Gradually, some rooms — particularly those in boutique hotels — will also be offered by Airbnb. Airbnb may also direct users to HotelTonight to help them find last-minute properties.
Airbnb lists more than 6 million places to stay worldwide. Last year, it doubled the number of hotels and bed and breakfasts on its site in order to meet demand.
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