HotelTonight Gets Acquired By Airbnb In Its Biggest M

HotelTonight Gets Acquired By Airbnb In Its Biggest M&A Transaction Ever

HotelTonight’s CEO Sam Shank will become the head of the boutique hotel category at Airbnb

HotelTonight Gets Acquired By Airbnb In Its Biggest M&A Transaction Ever

Airbnb has officially announced its acquisition of the HotelTonight, a last-minute hotel booking app. The acquisition deal is the Airbnb’s biggest M&A transaction ever.

Talks about acquiring the best hotel deals provider, HotelTonight, have been going on since early March. According to the reports, it indicated that the deal was closed at over $400 million prices but Airbnb did not comment on the exact price.

HotelTonight, which is known for its best last minute hotel deals, has shown tremendous growth in the past few months. In the first quarter of 2019, the hotel booking app recorded an increase of 41%, year-by-year in the number of room bookings.

As per the negotiations, co-founder of HotelTonight and CEO Sam Shank will head the boutique hotel section on Airbnb. The hotel bookings company, which has recently entered into the Boutique hotels category, decided to take this action to expand the boutique hotels section besides treehouse and unconventional homes.

Last minute hotel booking app’s CEO Sam Shank stated,

Recent Statistics of HotelTonight 

Below are some of the recent stats reported by Hotel Business that shows the company’s accelerated growth: 

  • HotelTonight’s revenue increased by 39% in 2018.
  • Downloads of the HotelTonight app increased by 17% month-over-month in March.
  • The number of unique hotels that sold a Daily Drop booking in March increased 47% over the previous month’s average.
  • The number of new hotel partnerships has increased by 110% since the beginning of 2018.
  • HotelTonight received 3x of its usual volume of inbound hotel partner inquiries in March.   

In 2018, HotelTonight also rolled out its web-based app to improve its HT Perks, a rewards program. With these types of features, HotelTonight has built a loyal customer base for on-the-go travelers that mainly consists of young age groups.

Tanya <span>Editor In Chief</span>
Written By
Tanya Editor In Chief

She is a content marketer and has more than five years of experience in IoT, blockchain, Web, and mobile development. In all these years, she closely followed the app development, and now she writes about the existing and the upcoming mobile app technologies. Her essence is more like a ballet dancer.


Aceify, Tennis Coaching App Aiming For £200,000 Via Seeders Crowdfunding

2 min read  

Acefiy, a tennis coaching mobile app startup, is aiming for £200,000 via its equity crowdfunding campaign on Seeders.The mobile app for tennis enthusiasts was launched by Grand Slam tennis coach Charles Homewood and tennis player Malcolm Graham in 2017. It is a platform for scheduling, boo


Livestock App Breedr Secures £2.2M In Funding

2 min read  

Breedr, a livestock app has successfully bagged £2.2 million in a new seed round of funding. The Investment round was infused by LocalGlobe, a London-based venture capital firm. The funding also included an Innovate UK grant of £236,000.The other participants in the funding were from


YouTube Music and YouTube Premium Goes Live In India

2 min read  

For the past few days, Spotify app has been all over the news, making some major headlines by turning out to be an instant success in India as a music streaming service. But it seems like it's going to change very soon because YouTube Music has finally made its way into the Indian Market.Wit


Qutoutiao App Adding More Firepower To Its Arsenal To Challenge TikTok

4 min read  

Since the time TikTok app has soared to unprecedented heights of success, there has been a considerable surge in the short video-sharing platforms.In one such instance, Qutoutiao App, a Chinese news aggregator which is known for its gossipy news and viral videos is spending millions of dollars t