EPISODE · Mar 18, 2019 · 6 MIN
427: Airbnb Buys Hotel Tonight
from eCommerce Minute · host eCommerce Minute
Airbnb is buying HotelTonight, the hotel-booking application that lets travelers arrange last-minute accommodations. The financial terms weren’t disclosed, but sources told Axios the homeshare giant paid close to Hotel Tonight’s last private valuation of about $463m. This would make it Airbnb’s largest acquisition ever. HotelTonight partners with hotels to offer un-sold rooms, catering to business travelers or those looking to make last-minute arrangements.
What this episode covers
Airbnb is buying HotelTonight, the hotel-booking application that lets travelers arrange last-minute accommodations. The financial terms weren’t disclosed, but sources told Axios the homeshare giant paid close to Hotel Tonight’s last private valuation of about $463m. This would make it Airbnb’s largest acquisition ever. HotelTonight partners with hotels to offer un-sold rooms, catering to business travelers or those looking to make last-minute arrangements.
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427: Airbnb Buys Hotel Tonight
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