Venture Capital
Airbnb Wants to Spend Some of the $3 Billion It’s Sitting On
The home-sharing site is examining deals that would allow it to expand into a full-service travel company.
Airbnb in Talks to Buy Canada’s Luxury Retreats
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Airbnb Inc. is on a mission to be more than a home-sharing platform. It wants to be a flight booker, an itinerary planner and a vacation-home manager. To become a global travel behemoth, Airbnb is considering a combination of acquisitions and partnership deals to quickly grow its portfolio, according to three people with knowledge of Airbnb's plans.
The company's targets are in luxury tourism, airfare aggregation, group payments and guest-management, said the people, who asked not to be identified because Airbnb hasn't authorized them to speak publicly. Airbnb is also focused on doing deals in China and India, the people said.