Airbnb Acquires HotelTonight to Expand Travel Portfolio

Last week, Lyft unveiled its public offering prospectus, which showed that the company was growing quickly but was also losing money. Airbnb has turned a profit, excluding certain costs, for the past two years, the company said in January. Airbnb is also locked in competition with Booking Holdings. Buying HotelTonight gives Airbnb access to even more properties. Airbnb said HotelTonight would continue to operate as a stand-alone business.

Advertisements

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Google photo

You are commenting using your Google account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s