New York — Airbnb has bought HotelTonight, its biggest acquisition yet, in a move to increase hotel listings on the site as the home-sharing startup prepares for an eventual public offering.
The acquisition extends Airbnb’s reach even further into the hotel industry, where it has been a disruptive rival since its launch just over ten years ago. Airbnb transformed the travel sector by persuading millions of people to open up their homes to strangers, and became such a market force that mainstream travel and hotel companies like Booking Holdings have been furiously spending to offer more home listings on their own sites.
In 2018 Airbnb more than doubled the number of rooms available on properties categorised as boutique hotels, bed-and-breakfasts, and other hospitality venues such as hostels and resorts, according to the company. Airbnb has more than 6-million listings, just ahead of Booking with more than 5.7-million home-rental listings.
United Kingdom United Kingdom Latest News, United Kingdom United Kingdom Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Source: SABC News Online - 🏆 32. / 51 Read more »
Fit Small Business: Get Your Business Into Shape!SPONSORED | Investec According to a study by 'the most sought-after gigeconomy jobs in 2018 focus on robotics, finance, artificial intelligence and marketing.' Read more.
Source: BDliveSA - 🏆 12. / 63 Read more »