HotelTonight

HotelTonight

HotelTonight

Hotel booking company


HotelTonight is a travel agency and metasearch engine owned by Airbnb and accessible via website and mobile app. It is used to book last-minute lodging in the Americas, Europe, Japan and Australia.[1][2][3][4][5][6][7]

Quick Facts Type of site, Founded ...
HotelTonight advertisement in New York City.

History

HotelTonight was founded in December 2010 by Sam Shank, Jared Simon, and Chris Bailey.[8] When it first launched in January 2011, the mobile app was only available in the US and on Apple products.[9] The app launched on Android devices in July 2011 and now includes cities in Europe, Canada, Central America and South America.[10][11][12]

Fundraising

In May 2011, the company raised a $3.25 million Series A round from Battery Ventures, Accel Partners, and First Round Capital.[13] In November 2011, they raised $9 million from Accel Partners, Battery Ventures, and First Round Capital.[14] In June 2012, a Series C round from U.S. Venture Partners, Accel Partners, Battery Ventures, and First Round Capital raised another $23 million.[15] In September 2013, the company raised $45 million in a Series D round led by Coatue Management, bringing its total funding to $80.5 million.[16]

Operations

In October 2014, HotelTonight expanded from same-day only bookings to allowing users to book rooms up to 7 days in advance.[17] In September 2018, they began allowing bookings through the website.[18]

In March 2019, HotelTonight was acquired by Airbnb for approximately $450 million in cash and stock.[19][20][21]


References

  1. Perlroth, Nicole (December 11, 2012). "Wallflowers of Silicon Valley Get Asked to Dance". The New York Times.
  2. O'Neill, Sean (November 22, 2012). "A boom in same-day hotel booking apps". BBC News.
  3. LEE TREJOS, NANCY (September 26, 2014). "HotelTonight to let guests book hotels next week". USA TODAY.

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