Airbnb’s Newest Neighbor in the Home Rental Space: Marriott Hotels

Marriott is hitting back at Airbnb, which has been expanding its reach into the hotel industry, by rolling out its own home-rental service. Next week, Marriott said it would start renting 2,000 homes in 100 cities across the U.S., Europe, and Latin America. Its expansion into the home-rental space coincides with Airbnb’s expansion into the […]

Airbnb Leads $150 Million Investment in Startup Designing Apartments for Travelers

Just weeks after its last investment, Airbnb is taking the lead on funding another company that complements its home rental service. This time around, Airbnb’s investment will help fuel the growth of apartments specifically designed for travelers. Lyric said Wednesday that it had raised $150 million in funding, with Airbnb as the lead investor. Lyric, […]

Airbnb Is Buying Last-Minute Hotel Room App HotelTonight, Giving Itself Pre-IPO Momentum

Airbnb is taking another step into the broader travel industry with a new expansion into boutique hotels. The company, which built its business on renting homes, has agreed to purchase HotelTonight for an undisclosed amount. A travel app that helps users find last-minute hotel rooms at discounted rates, HotelTonight was valued at $463 million in […]