HotelTonight

From Wikipedia, the free encyclopedia
Jump to navigation Jump to search
Hotel Tonight, Inc.
Hotel Tonight logo.svg
Type of site
Subsidiary of Airbnb
FoundedDecember 2010; 9 years ago (2010-12)
HeadquartersSan Francisco, California
Area servedUnited States, Canada, Mexico, Caribbean, United Kingdom, France, Spain, Germany, Italy, Australia
OwnerAirbnb
Founder(s)Sam Shank
Jared Simon
Chris Bailey
IndustryHotel, Tourism
ServicesTravel agency
URLhoteltonight.com
Native client(s) oniOS, Apple Watch
Android
HotelTonight advertisement in New York City.

HotelTonight is a travel agency and metasearch engine owned by Airbnb and accessible via website and mobile app used to book last-minute lodging in the Americas, Europe and Australia.[2][3][4][5][6][7][8]

History[edit]

HotelTonight was founded in December 2010 by Sam Shank, Jared Simon, and Chris Bailey.[9] Shank, the company's CEO, previously founded two hotel-related startups, DealBase.com and TravelPost.[10][11]

When it first launched in January 2011, the mobile app was only available in the US and on Apple products.[12] The app launched on Android devices in July 2011 and now includes cities in Europe, Canada, Central America and South America.[13][14][15]

In May 2011, the company raised a $3.25 million Series A round from Battery Ventures, Accel Partners, and First Round Capital.[16]

In November 2011, the company raised $9 million from Accel Partners, Battery Ventures, and First Round Capital.[17]

In June 2012, the company raised a $23 million Series C round from U.S. Venture Partners, Accel Partners, Battery Ventures, and First Round Capital.[18]

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.[19]

In October 2014, HotelTonight expanded from same-day only bookings to allowing users to book rooms up to 7 days in advance.[20]

In March 2017, the company raised $37 million at a $500 million post-money valuation in a Series E round led by Accel Partners.[21][22]

In September 2018, the company expanded to a website.[23]

In March 2019, HotelTonight was acquired by Airbnb for approximately $450 million in cash and stock.[24][25][26]

References[edit]

  1. ^ "Alexa Internet: HotelTonight.com". Alexa Internet.
  2. ^ Perlroth, Nicole (December 11, 2012). "Wallflowers of Silicon Valley Get Asked to Dance". The New York Times.
  3. ^ Leo, Jen (February 20, 2011). "Web Buzz: Hotel Tonight app alerts travelers to same-day deals". Los Angeles Times.
  4. ^ Brady, Paul (February 4, 2013). "Mobile Booking Taking Off As Early Adopters Become Evangelists". HuffPost.
  5. ^ "Touch here for a bed". The Economist. February 4, 2013.
  6. ^ Cohen, Jennifer (January 7, 2014). "Overwhelmed By Options? Try These 10 Must Have Apps for 2014". Forbes.
  7. ^ Kennedy, John (March 12, 2014). "Co-Sign: How You Can Book Last-Minute Hotel Deals For SXSW Music". Vibe.
  8. ^ Van Grove, Jennifer (April 15, 2014). "Same-day booking app HotelTonight predicts the future too". CNET.
  9. ^ O'Shea, Dan (April 26, 2011). "How a New App Is Helping Hotels Fill Rooms". Entrepreneur.
  10. ^ "Sam Shank CrunchBase". CrunchBase.
  11. ^ Shah, Semil (March 15, 2012). "TCTV: In the Studio, Sam Shank on Hotel Tonight's Extreme Focus on Mobile Travel". TechCrunch.
  12. ^ O'Neill, Sean (November 22, 2012). "A boom in same-day hotel booking apps". BBC News.
  13. ^ Price, Emily (June 20, 2012). "HotelTonight Expands Into Europe, Now Offering Deals in London". Mashable.
  14. ^ Ha, Anthony (December 11, 2012). "HotelTonight Expands To Continental Europe, Adds Language Support, And Launches Gift Credits". TechCrunch.
  15. ^ Mott, Nathaniel (April 26, 2012). "HotelTonight Expands to Europe and Canada, Partners With Look.io for Better Robo-Human Relations". PandoDaily.
  16. ^ "HotelTonight Secures $3.25 Million Series A Funding from Battery Ventures, Accel Partners and First Round Capital" (PDF) (Press release). Battery Ventures. May 10, 2011.
  17. ^ Rao, Leena (November 18, 2011). "Battery And Accel Put $9M In App For Last-Minute Hotel Deals, HotelTonight". TechCrunch.
  18. ^ Ogg, Erica (June 5, 2012). "With $23 million in new funds, Hotel Tonight is going global". Gigaom.
  19. ^ Shontell, Alyson (September 5, 2013). "HotelTonight Raises A $45 Million Round Led By A Hedge Fund To Help You Book Cheap, Last-Minute Rooms". Business Insider.
  20. ^ LEE TREJOS, NANCY (September 26, 2014). "HotelTonight to let guests book hotels next week". USA TODAY.
  21. ^ "Series E - HotelTonight". TechCrunch.
  22. ^ Hirsch, Lauren (March 22, 2017). "HotelTonight raises $37 million to expand its same-week hotel booking platform". VentureBeat. Reuters.
  23. ^ O'Neill, Sean (September 4, 2018). "Mobile-First Booking Startup HotelTonight Expands to Desktop". Skift.
  24. ^ Griswold, Alison (March 7, 2019). "Airbnb is buying into the hotel industry by acquiring HotelTonight". Quartz.
  25. ^ Ting, Deanna (March 7, 2019). "Airbnb Is Buying HotelTonight: Here's What That Means". Skift.
  26. ^ Forman, Laura (March 11, 2019). "Airbnb Wants to Be a Contender". The Wall Street Journal.

External links[edit]