I used to be a pretty big fan of AirBnb, however more recently I find myself booking through other sites such as Homeaway. Check out the latest news however as reported by NY Times, Airbnb is set to acquire HotelTonight, which provides last minute hotel bookings.
Airbnb To Acquire HotelTonight
As reported by the NY Times,
SAN FRANCISCO — AirBnb says it plans to acquire HotelTonight, a service for travelers seeking last-minute hotel bookings, in a deal that will expand the lodging-rental company’s portfolio with traditional and boutique hotel listings.
Terms of the deal were not disclosed. The acquisition values HotelTonight in the vicinity of its last private valuation, $465 million, said two people who were briefed on the deal and were not authorized to disclose the price. That would make it Airbnb’s biggest acquisition.
In a statement, Brian Chesky, Airbnb’s chief executive, emphasized the company’s desire to expand into all aspects of travel. “A big part of building an end-to-end travel platform is serving every guest, whether they plan their trip a year or a day in advance,” he said.
If you haven’t tried AirBnb yet, you can sign up via my referral for a discount on your first booking.
HT: NY Times