May 19, 2020

Airbnb to expand into hotel booking space with HotelTonight acquisition

Airbnb
Brian Chesky
Google
HotelTonight
hotmaillogin
2 min
Airbnb to expand into hotel booking space with HotelTonight acquisition

Peer-to-peer accommodation company Airbnb announced this week that it will acquire online travel company, HotelTonight, which hosts an app that helps its users find last minute discounted bookings throughout the Americas, Europe and Australia.

Brian Chesky, Airbnb Co-Founder, CEO and Head of Community said: A big part of building an end-to-end travel platform is serving every guest, whether they plan their trip a year or a day in advance. Working with the incredible team at HotelTonight, we will offer guests an unparalleled last-minute travel experience that provides unique, memorable hospitality on every trip, on any schedule, at any time.”

Since being co-founded in 2008 by Chesky, Airbnb has grown into the premier organization in the new ‘sharing economy’. By connecting its users with over 6mn places to stay, the company has become “the most searched-for accommodations brand” according to Paul Godman, senior industry manager for hospitality at Google.

According to a Bloomberg report, Airbnb exceeded financial projections for 2017, reportng US$93mn in profit and $2.6bn in revenue. By the end of Q1 2019, the company claims that over 500mn will have arrived at Airbnb listed properties since the company’s founding.

SEE ALSO: 

The company has already begun to expand its offerings beyond the traditional spare room. In February 2017, Airbnb acquired Luxury Retreats International, a Canadian-based villa rental company, for approximately $300mn. Since then, the company has continued its expansion into the hotel space. Since its foundation, Airbnb “has gradually warmed up to at least the boutique and luxury hotel industry. In February 2018, Airbnb announced that hotels would be a separate category on its website. At the time, it already had 24,000 boutique hotel rooms and over 180,000 B&Bs. Those numbers have more than doubled in the past year,” Forbes reports.

Following the acquisition of HotelTonight, the company will continue to operate under its own brand, and its CEO, Sam Shank, will take over Airbnb’s luxury hotel division, with most of his employees transferring to Airbnb.

According to Forbes, “it’s a symbolic acquisition for the peer-to-peer travel company that has been in a love-hate relationship with the hotel industry for years.”

In a statement, Shank said: “Together, HotelTonight and Airbnb can give guests more choices and the world’s best boutique and independent hotels a genuine partner to connect them with those guests.”

 

 

Share article

Jun 14, 2021

Giving efficiency the full throttle at NASCAR

CDW
NASCAR
3 min
CDW is a leading provider of information technology solutions, optimized business workflow and data capture systems for the auto racing company.

The NASCAR organization has long been synonymous with speed, agility and innovation. And so by extension, partnerships at NASCAR hold a similar reputation. One such partner for the organization has been CDW – a leading multi-brand provider of information technology solutions to businesses, government, education and healthcare customers in the United States, the United Kingdom and Canada. CDW provides a broad array of products and services ranging from hardware and software to integrated IT solutions such as security cloud hybrid infrastructure and digital experience. Customer need is the driving force at CDW, and the company helps clients by delivering integrated services solutions that maximize their technology investment. So how does CDW help their customers achieve their business goals? Troy Okerberg, Field Sales Manager - North Florida at CDW adds “We strive to provide our customers with full stack expertise, helping them design, orchestrate and manage technologies that drive their business outcomes.” 

NASCAR acquired International Speedway Corporation (ISC) in 2019, merging its operations into one, new company moving forward. The merger represents an important step forward for NASCAR as the sport creates a unified vision to embrace its long history of exciting, family-oriented racing experiences while developing strategic growth initiatives that will drive the passion of core fans and attract the next generation of race fans. CDW has been instrumental in bringing the two technology environments together to enable collaboration and efficiency as one organization. Starting with a comprehensive analysis of all of NASCAR’s vendors, CDW created a uniform data platform for the data center environment across the NASCAR-ISC organization. The IT partner has also successfully merged the two native infrastructure systems together, while analyzing, consulting and providing an opportunity to merge Microsoft software licenses as well. 

2020 turned into a tactical year for both organizations with the onset of the pandemic and CDW has had to react quickly to the changing scenario. Most of the initial change included building efficiencies around logistics, like equipment needing to be delivered into the hands of end users who switched to a virtual working environment almost overnight. CDW’s distribution team worked tirelessly to ensure that all customers could still access the products that they were purchasing and needed for their organizations throughout the COVID timeframe. Okerberg adds that today, CDW continues to optimize their offering by hyper-localizing resources as well as providing need-based support based on the size and complexity of their accounts. Although CDW still operates remotely, the company commits to adapting to the changing needs of their clients, NASCAR in particular. Apart from the challenges that COVID-19 brought to the organization, another task that CDW had been handed was to identify gaps and duplicates in vendor agreements that the two former single-entity organizations had in place and align them based on services offered. CDW further helps identify and provide the best solution from a consolidation standpoint of both hardware and software clients so that the new merged organization is equipped with the best of what the industry has to offer. 

Share article