Airbnb has signed an agreement to acquire last-minute hotel booking app HotelTonight for an undisclosed sum.
“We will offer guests an unparalleled last-minute travel experience that provides unique, memorable hospitality on every trip, on any schedule, at any time,” said Brian Chesky, Airbnb co-founder and CEO, in a statement.
HotelTonight has raised more than $115 million in funding and was last valued at $463 million in a funding around in 2017. HotelTonight lists unsold inventory from hotels and offers discounted rooms to travelers, often targeting business districts and urban areas.
“We started HotelTonight because we knew people wanted a better way to book an amazing hotel room on-demand, and we are excited to join forces with Airbnb to bring this service to guests around the world,” said Sam Shank, co-founder and CEO of HotelTonight. “Together, HotelTonight and Airbnb can give guests more choices and the world’s best boutique and independen
