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Airbnb Acquires HotelTonight, What’s the Difference Between Homesharing and Hotels Anymore?

airbnb mobile
Mar 07 2019

Major hotels chains have been in and out of experimenting with homesharing products, even as they engage in dirty tricks to get the practice banned in some jurisdictions. Online travel agency sites have expanded their product suite by offering access to homesharing, and not just traditional hotel rooms. And now Airbnb itself has acquired online hotel booking company HotelTonight. Airbnb said it plans to acquire HotelTonight, a service that offers last-minute hotel bookings, in a deal that will expand the online room rental company’s offerings with traditional and boutique hotel listings. Terms of the deal were not disclosed. The acquisition values HotelTonight in the range of its last private valuation, $465 million, said two people who were briefed on the deal and were not authorized to publicly disclose the price. That would make it Airbnb’s…

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