Airbnb buys HotelTonight, Booking.com boss comments

March 20, 2019
Share this Post: 

Glenn Fogel, CEO of Booking Holdings, commented on the $400 million acquisition of HotelTonight by Airbnb, that he wasn't the least bit surprised that Airbnb would start to seep into the hotel industry, stating that the home-sharing company has brought on boutique hotels already.

Referring to HotelTonight as a “very, very small company,” Fogel said he’s not sure that adding the hotel-booking startup represents anything different than what Airbnb previously discussed. Fogel was speaking at a Bank of America Merrill Lynch retail technology conference.

“And we should’ve known that Airbnb had wanted to expand out beyond just doing home, and they’re going to do that,” Fogel said. “We believe that it’s a little bit — it’s sort of flattering to us — because we’ve always believed that the right presentation to a consumer is to show all the types of accommodations. And we’ve always believed that, so they started copying us and doing that.”

Fogel, unsurprisingly, argued that Booking.com, which mixes hotels with alternative accommodations and doesn’t charge a booking fee to travelers, provides “a better, better result.”

Airbnb declined to comment on Fogel’s remarks.

The Booking Holdings CEO often points to the fact that all of the Booking.com listings are instantly bookable, and he believes that is a competitive advantage over Airbnb. “On our site, every single, every single home on the Booking.com platform is instantly bookable, press, done,” Fogel said.

However, Fogel didn’t mentionb that Airbnb is likewise making a big push for its Instant Book feature, and in 2017 more than half its listings were instantly bookable.

“We have 29 million or 28 million listings,” Fogel said. “It’s enormous. Airbnb has 6 (million). We think we just provide a better solution for travelers around the world.”

Of course, the requirement that all of Booking.com’s listings be instantly bookable is likely hurting it with owners of individual vacation homes, many of whom like to vet travelers before accepting reservations.

Read more here

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

1099

March 20, 2019

Subscribe to our mailing list to get news updates!

Enter your email address and get updates from Online Marketplaces.

Related News

Zillow Green Shoots
Finally Some Good News for Zillow! Homes Sell-off Going Well and Company to Buy Back $750m Worth of Shares

Zillow has been taking a battering recently. Since revealing its decision to wind down its iBuying business along with a...

Read More
Zillow No Sale
Zillow Reneges on Pledge and Cancels 400 Offers Contracts

According to local press reports from Phoenix Arizona, Zillow's iBuying division is cancelling agreements to buy around 400 homes and...

Read More
Portal Products We Like Edited
7 Great 'Under the Radar' Property Portal Products

At OnlineMarketplaces we get sent a lot of press releases around new portal products and, if we're being honest, sometimes...

Read More
Rentpay Skyline
Rent.com.au Signs Agreement to Have Leading Rentals Agency Promote its End-To-End RentPay Product

Australian rental portal and end-to-end specialist Rent.com.au has announced that it has signed an agreement with prominent rental management agency...

Read More

Popular News