Airbnb buys HotelTonight in deeper expansion into hotel-booking business

SAN FRANCISCO - Home-renting company Airbnb has bought HotelTonight, an app for finding hotel rooms at a discount, as it wades deeper into the hotel-booking business to attract a wider variety of travelers ahead of a hotly anticipated initial public offering.

Airbnb declined to provide the terms of the deal. HotelTonight has raised more than $115 million in funding and was last valued at $463 million in a funding around in 2017. San Francisco-based HotelTonight culls unsold inventory from hotels and offers discounted rooms to travelers, often targeting business districts and urban areas. It started as a service for last-minute room bookings, but now lets users book months in advance.

I absolutely love how this model is pricing me out of living in the neighborhood I’ve lived in for 15 years. Glad y’all are making extra money.

United States United States Latest News, United States United States Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Airbnb To Buy HotelTonight As It Pushes Deeper Into Hotel Booking BusinessAirbnb plans to acquire last-minute booking platform HotelTonight as it pushes deeper into the hotel booking business by bizcarson bizcarson Do you think they will stop forcing pregnant women to stay in hotels filled with toxic fumes?
Source: Forbes - 🏆 394. / 53 Read more »

Airbnb To Buy HotelTonight As It Pushes Deeper Into Hotel Booking BusinessWith HotelTonight deal, Airbnb now owns a business known for last-minute hotel discounts.
Source: Forbes - 🏆 394. / 53 Read more »