Airbnb acquires HotelTonight

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Airbnb makes its biggest acquisition yet as it moves to increase hotel listings on its site. The company has agreed to buy HotelTonight, a provider of last-minute, boutique options for a night’s stay. It does so ahead of an eventual initial public offering. Airbnb hasn’t disclosed the financial terms of the deal, but according to a person “familiar with the matter” said its price is close to HotelTonight’s last private valuation, which is at US$463 million. Airbnb’s last big purchase was Luxury Retreats, which it bought for $300 million.

The move has Airbnb encroaching further into the hotel industry and puts them into the position of being what Bloomberg calls the Amazon for travel or a “one-stop-shop for holiday-goers.” HotelTonight’s app and site will continue to operate independently of Airbnb. But the company might integrate its listings on its site in the future. And once the acquisition is complete, HotelTonight’s founder will report to Airbnb’s President of Homes, Greg Greeley.

HotelTonight's Escape feature innovates discovery travel

HotelTonight is the leading app and service for finding and booking places to stay at a short notice. The company just released Escape which they say is, "an innovation is the best new way to discover driving-distance getaways for the weekend ahead or for that very night."

Think a quick departure from Toronto to a quaint hotel in Niagara-on-the-Lake  or Vancouver to Whistler for a weekend getaway. It’s combining the amazing offers we know and love from HotelTonight with a curated list of destinations based on your GPS, current events and the season in question.

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HotelTonight App for the Savvy Last Minute Traveller

By Sonya Davidson

Tired of staying home and feeling a bit adventureous? HotelTonight App is definitely one to download on to your mobile device. This handy app opens the door to many boutique, chic...or "curated" hotel properties with serious last-minute booking discounts. When we say last minute, you can book as far as one week in advance but the best deals to be had are on same-day bookings. 

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