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No mention of an acquisition price. Congrats to Sam Shank and the team though!
Every OTA does last minute bookings now...reality is what they offer has been largely commoditized.
> The HotelTonight app and website will continue to operate as they do today I really hope that's the case, I love Hotel Tonight but will absolutely stop using it if I end up getting someone's condo. Regardless, I'm worried that hotel selection will go way down. They keep emphasizing boutique hotels, but that's not people go to Hotel Tonight for. I could definitely see large hotel chains not wanting to do business wi…
pretty interesting. My hypothesis is that there’s a large cohort of people (myself included) who hesitate to use airbnb because there is still a real issue of inconsistency with back and forth with host, key hand off, etc that people who are attracted to hoteltonight (extremely last minute bookings) would hate and that airbnb is trying to figure out how to appeal to that base.
No mention of an acquisition price. Congrats to Sam Shank and the team though!
Hm not sure if it’s much cause for celebration for the HT team...they raised $130m and probably sold at max their last valuation. Employees aren’t going to make out with much and unclear if anyone is getting let go. Every OTA does last minute bookings now...reality is what they offer has been largely commoditized.
My anecdotal understanding was that HotelTonight was doing hundreds of millions of dollars in revenue. Some component of that $130m may have been secondary stock sale.
I don't think we have enough data to determine what the price might have been, or how well employees will do.
pretty interesting. My hypothesis is that there’s a large cohort of people (myself included) who hesitate to use airbnb because there is still a real issue of inconsistency with back and forth with host, key hand off, etc that people who are attracted to hoteltonight (extremely last minute bookings) would hate and that airbnb is trying to figure out how to appeal to that base.
To be fair, I have used HotelTonight for day of booking and it had a better deal than I could get through any other location online for a very nice hotel.
No mention of an acquisition price. Congrats to Sam Shank and the team though!
Will AirBnb stop harming our communities with illegal mini-hotels then?
pretty interesting. My hypothesis is that there’s a large cohort of people (myself included) who hesitate to use airbnb because there is still a real issue of inconsistency with back and forth with host, key hand off, etc that people who are attracted to hoteltonight (extremely last minute bookings) would hate and that airbnb is trying to figure out how to appeal to that base.
Airbnb expanded their offering to hotels (including boutiques and bed and breakfasts). According to them, they're seeing strong growth in this segment[0], which is probably related to your hypothesis: there's a group who aren't comfortable with the home-sharing model (or people who simply like hotels) and they're finding ways to serve those people. The HotelTonight acquisition seems like it's a way to more rapidly sc…
There's a lot of cases where a hotel makes sense, such as short trips (especially if it's just one night), or business travel (some companies have policies that exclude non-hotel stays from reimbursement for safety concerns), and so on.
You don't want to send these customers elsewhere.