Airbnb pads out corporate offering with Urbandoor acquisition

Airbnb has announced the acquisition of Urbandoor, a marketplace for furnished and serviced apartments.

Release time : 2019-08-07 09:09:23

source : Chinatravelnews

platform, the $35 billion behemoth still faces challenges when it comes to working alongside building owners.

Urbandoor has already built relationships with those multifamily owners for the purposes of extended stays. With the acquisition, Airbnb may be able to convince these same parties to start thinking about the value proposition of setting aside units for short-term stays, as well, which would allow Airbnb to bypass renters in some scenarios.

Greg Greeley, president of Homes at Airbnb, says: “Airbnb is partnering with property owners, developers, and residents to support hosting around the world.

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