HotelTonight
| Company type | Private |
|---|---|
| Industry | Travel, Hospitality |
| Founded | December 2010 |
| Founder | Sam Shank, Jared Simon, Chris Bailey |
| Headquarters | San Francisco , United States |
Area served | Americas, Europe, Japan, Australia |
| Products | Last-minute hotel reservations |
| Parent | Airbnb |
| Website | hoteltonight |
HotelTonight operates as a travel agency and metasearch engine focusing on last-minute lodging reservations across regions including the Americas, Europe, Japan, and Australia.
History
The company was established in December 2010 by Sam Shank, Jared Simon, and Chris Bailey. Its initial launch occurred in January 2011 on the iPhone App Store. By July 2011, the app became available on Google Play and expanded its coverage to numerous cities throughout Europe, Canada, Central America, and South America.
Fundraising
During May 2011, HotelTonight secured $3.25 million in a Series A round of funding from investors such as Battery Ventures, Accel Partners, and First Round Capital. Later that year in November, they obtained an additional $9 million from these same backers. In June 2012, a Series C funding round led by U.S. Venture Partners, together with previous investors, raised $23 million. By September 2013, a Series D round spearheaded by Coatue Management increased total capital raised to $80.5 million.
Operations
Initially focused on same-day bookings, HotelTonight broadened its service in October 2014 to allow reservations up to seven days ahead. By September 2018, the platform introduced booking capabilities via its website alongside its mobile application.
In March 2019, Airbnb acquired HotelTonight for roughly $450 million in a combination of cash and stock, marking Airbnb’s strategic expansion into the hotel reservation sector.