Airbnb buys a Danish startup to rent meeting spaces for hours

January 27, 2019
Share this Post: 

This article was written and published in Spanish and has been translated into English via Google Translate. Click here to read the original article.

Airbnb has acquired Gaest.com, a platform to rent meeting spaces by the hour. The company recently announced.

Gaest was founded in Denmark in 2015 by Anders Mogensen. It is used to reserve meeting spaces, team building events and "even photo sessions," according to the press release. Gaest allows hosts to announce their own spaces to rent, just like Airbnb allows hosts to rent their homes to people.

The terms of the agreement have not been disclosed. Airbnb was valued at 31,000 million dollars in 2017.

"Professionals can spend half their time working when they travel, and meetings and events offer a unique opportunity for Airbnb to address both use cases and support our entire community," Airbnb said in a statement.

Gaest.com, which offers its services in many countries on six continents, will work for now as a single platform, although its employees will join Airbnb, according to the statement.

The acquisition comes only a couple of weeks after Airbnb revealed that it has been profitable for the past two years, at a time when profitability is quite slim even for the most successful venture capital companies, such as Uber and Lyft. .

It is also rumored that Airbnb is preparing to go public.

It is interesting to emphasize this new growth strategy of Airbnb. By moving to the workspace, Airbnb prepares to compete with companies like WeWork, which allows workers to rent desk space and meeting rooms for short periods of time.

WeWork, which recently changed its name to The We Company, is valued at 47,000 million dollars. Its last round of financing was in January and was led by SoftBank.

This article was written and published in Spanish and has been translated into English via Google Translate. Click here to read the original article.

Join us in Bangkok the 19th to the 21st of March for the Property Portal Watch Conference.

Property Portal Watch Bangkok Conference 2019, Mar 19-21

January 27, 2019

Subscribe to our mailing list to get the famous, free Friday newsletter!

News and analysis to help build better online marketplace businesses, in your inbox, every Friday

Related News

Costar Q1 2024 Feat
CoStar Group Q1 Results: Homes.com Drives 12% Year-on-Year Revenue Growth to $656 Million

CoStar Group has released strong financial results in the same week that it announced its intention to acquire Matterport for...

Read More
Hemnet Feat
Hemnet Q1 2024: Strong Performance Across the Board for Swedish Market Leader

Swedish market leader Hemnet has revealed impressive results for the first three months of 2024, recording healthy double-digit growth YoY...

Read More
Costar Matterport
CoStar Group to Acquire Tech Firm Matterport for $1.6 Billion

CoStar Group has announced it will acquire the industry-leading real estate tech firm Matterport for $1.6 billion subject to shareholder...

Read More
Shutterstock 181374380
FangDD Full Year Financial Results for 2023: Net Losses Shrink as Revenues Rise

Chinese portal FangDD has released its full-year financial results for 2023, with optimism despite China's slow recovery post-pandemic. Highlights include:...

Read More

Editor's Pick