Luxury Retreats Airbnb Acquisition

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Luxury Retreats Airbnb Acquisition. On February 16 Airbnb completed the acquisition of Luxury Retreats a Canadian startup that replicates Airbnbs business model for high-end homes. The best of Luxury Retreats is now Airbnb Luxeoffering the worlds most extraordinary homes with the highest standard of service.

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The best of Luxury Retreats is now Airbnb Luxeoffering the worlds most extraordinary homes with the highest standard of service. This is Airbnbs largest acquisition yet costing roughly 300 million in cash and stock. As the companies put it.

The acquisition is significant because it indicates Airbnb.

A selection of pristine expertly designed homes with high-end amenities services and dedicated trip designers. And just like it works in most other industries Airbnb saw a competitor with a complementary user base and bought out that competitor to increase their market share. Home rental service Airbnb reportedly throws down 300 million for a firm that caters to the swanky set with chichi villas and a. The two companies released a statement saying Luxury Retreats offers high-quality listings world class concierge service and a range of amenities and the acquisition will complement Airbnb.