The deal"accelerates our work to build an end-to-end travel platform that serves everyone," said a statement from Airbnb, one of the largest"sharing economy" startups with a valuation at some $30 billion.
HotelTonight's private valuation was estimated at more than $400-million after several funding rounds.Airbnb's main business is sharing of individually owned properties but it has recently allowed bookings in boutique hotels, bed and breakfasts, and other kinds of accommodations, and the acquisition accelerates that trend.
Airbnb has grown from its beginnings in 2008 to become a global giant with some five million listings in 191 countries, but has also faced criticism for alleged unfair competition and for avoiding hospitality taxes.
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