HotelTonight’s CEO, Sam Shank, will now run Airbnb's luxury hotel business line, and most of the company’s employees will be joining Airbnb, which did not disclose the price of the deal. Started in 2010 by Shank, a travel entrepreneur, HotelTonight became known for offering great deals on last-minute hotel bookings via its website and app. There’s already some crossover between boutique hotel brands that list both on Airbnb and HotelTonight, but there are no plans to immediately add HotelTonight’s hotel inventory to Airbnb’s website. Over the past few years, Airbnb has been trying to expand its core business past homes and into new business lines like people-powered Experiences and restaurant reservations. With the HotelTonight acquisition, Airbnb adds a last-minute booking business, too.

Source: Forbes March 07, 2019 18:01 UTC