techkenyot.com
techkenyot.com March 20, 2019


Airbnb Acquires HotelTonight in Deeper Expansion Into Hotel-Booking Business

09 March 2019, 10:59 | Hattie Nash

Airbnb has signed an agreement to acquire the hotel-booking service Hotel Tonight for an undisclosed sum

Airbnb Article image

"Working with the incredible team at HotelTonight, we will offer guests an unparalleled last-minute travel experience that provides unique, memorable hospitality on every trip, on any schedule, at any time", CEO Brian Chesky said.

San Francisco-based Airbnb began its life as a startup back in 2008, but now employs 4,000 people and expects to hit 500 million guest arrivals by the end of 1Q19.

"Once these new guests come to Airbnb, they're returning to book with our home hosts: In fact, almost 90% of guests who first used Airbnb to book a hotel room and returned to our platform for a second trip then booked a home", said Chesky.

It's unclear exactly when the changes will take effect, although renters will be able to use HotelTonight's services right from the Airbnb app.

Shamima Begum: 'Unconfirmed reports' baby son dead
Tasnime Akunjee said in a statement: "We have strong but as yet unconfirmed reports that Shamima Begums son has died". On February 17, her family announced the boy's birth and said they believed he was "in good health".

Airbnb's main business is sharing of individually owned properties but it has recently allowed bookings in boutique hotels, bed and breakfasts, and other kinds of accommodations. Since its foundation, Airbnb "has gradually warmed up to at least the boutique and luxury hotel industry".

HotelTonight offers limits at inns in the Americas, Europe, and Australia.

Going forward, both the HotelTonight app and website will continue to operate, while Sam Shank, the company's co-founder and CEO, will report to Greg Greeley, Airbnb's President of Homes, and lead its boutique hotel category.

The acquisition is part of a wider branding overhaul taking place at Airbnb.

'Captain Marvel' makes timely landing in post #MeToo Hollywood
Brie Larson may be a famous Marvel superhero now, but the Oscar victor didn't have an easy journey to Hollywood stardom. A second trailer should be released at some point in the coming days or weeks, according to a recent report.

The deal, which is reported to be valued around $465 million, would be Airbnb's largest acquisition to date, according to the New York Times. "The availability of boutique hotels - in addition to private rooms and entire homes that are instantly bookable - helps ensure authentic, high-quality stays are available on demand, especially at the last minute". Early a year ago, the online booking giant expanded beyond its core focus of home sharing by enabling boutique hotel operators to list rooms on its platform.

Although the company has struggled to stand out from the travel-booking giants, HotelTonight is profitable.

Unlike most sky-high valued tech firms, Airbnb and HotelTonight do both now appear to be profitable operations.

FBN's Stuart Varney on Lyft's plans to go public.

Northwestern Hospital Firings After Smollett Record Access
Jussie Smollett stirred up controversy when he was listed as a suspect in his own apparent attack and arrested as a result. The nurse says she was called in at the end of her shift last Tuesday, fired on the spot and escorted out of the hospital.



Other News

Trending Now

Fitbit Launch Four New Wearables & Upgrade App
It has various animated clock faces, challenges to get kids moving, and avatars and cover photos that kids can customize. Alongside the Fitbit Versa , the company also launched its first fitness band for kids called as Fitbit Ace .

All Blacks captain Read leaving NZ rugby
Read made his All Blacks debut in 2008 against Scotland and became a regular test starter the following year. All Blacks blindside flanker Liam Squire has already announced he will play in Japan after the World Cup.

Snow Set To Hit Many Areas This Weekend
Met Éireann isn't taking any chances this weekend warning of snow, sleet, hail and rain over the weekend. Before heavy rain moves into our area we'll get another blast of winter snow tonight in Cuming County.

Democratic National Committee Bars Fox News From Hosting Presidential Primary Debates
Trump retaliated by declaring that he won't appear on debates hosted by mainstream networks in response to the DNC's decision. As it stands, NBC News, MSNBC and Telemundo will air the first primary debate in June, with CNN hosting the second in July.

USA seeks access to inspect rebuilt North Korean missile launch-site
US President Donald Trump says he's disappointed about reports of recent activity at missile and rocket sites in North Korea. He added that North Korea was continuing to enrich uranium, an ingredient of nuclear warheads.

China is Currently Holding 1600 Teslas at Customs
Clearance was held up after Chinese customs discovered misprinted labels on certain Model 3 cars. The world's largest electric vehicle market making inroads into China is crucial for Tesla.

MEPs sign letter urging Pakistan, India to resolve issues through dialogue
Long among the world's most antagonistic neighbors, the two nations clashed again last week before, fortunately, finding the good sense to de-escalate.

Trump communications director resigns: White House
Shine, who was will transition to a Trump 2020 re-election campaign role as adviser, though there were not specifics. Shine had been serving as the fifth White House communications director since Trump initially took office.

Giants agree to trade Vernon to Browns
Three years after being the crown jewel of the Giants' free agent spending spree, Olivier Vernon is on the move. The trade won't become official until 4 p.m. on March 13, the start of free agency and the NFL's calendar year.

Zuck Wants to Turn Facebook Into a 'Privacy-Focused' Platform
This includes its anonymous login tools and " clear history " button to clear information advertisers on Facebook have about you. If everything falls into place, Facebook will also display similar advertising on the privacy-protected messaging services.