With report ambitions for growth ahead of a possible initial offering , Airbnb may have talk over a lot to buy travel booking servicing Hotel Tonight , theWall Street Journalreported Saturday .
To what extent these conversation ever gained serious traction is n’t clear , and the Journal cover that lecture have since petered out between the two ship’s company for the time being . Interestingly , it would seem that Hotel Tonight ’s core function of filling unsold hotel rooms does n’t quite shot with Airbnb ’s focus oncommunity and experiences , a point the Journal seemed to indicate may have been a point of contestation for Airbnb ’s leading :
talk between Airbnb and Hotel Tonight , described by one of the hoi polloi as informal , have gone cold though they could come back to life . Merging individual company is challenging in part because of a deficiency of public evaluation benchmarks . Airbnb ’s direction has also been relate about diluting the troupe ’s brand as Hotel Tonight has partnerships with a spacious kitchen range of hotels , some of the masses suppose .
Airbnb , which welcomed former Amazon executiveDave Stephensonas its new chief fiscal ship’s officer tardily last year , said earlier this week that it had been profitable fortwo years in a wrangle . While Airbnb isexpectedto go public this yr alongside a issue of other technical school giants likeUber and Lyft , the Journal reported that its initial public offering may not necessarily be imminent . cite source familiar with the matter , the Journal said that the company ’s aim to “ set ashore up its hotel offer first — with an acquisition or an internal incline - up — is one key reason it is probable to look longer than some of the others . ”
Airbnb did not immediately return a request for comment about the account .
Airbnb ’s CEO Brian Chesky has himself been cagey about going public in 2019 . verbalise atRecode ’s Code Conferencein May of last year , Chesky said that Airbnb “ will be quick to IPO next twelvemonth , but I do n’t know if we will . ”
“ We have investors who are really patient , and I want to make indisputable that it ’s a major benefit to the company when we do it , ” he append . press by Recode ’s Kara Swisher about whether it could take place , he respond : “ It could fall out . ”
[ Wall Street Journal , Recode ]
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