HotelTonight

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Hotel Tonight, Inc.
File:Hotel Tonight logo.svg
Type of site
Online travel agency
FoundedDecember 2010; 15 years ago (2010-12)
HeadquartersSan Francisco, California
Area servedUnited States, Canada, Mexico, Caribbean, United Kingdom, France, Spain, Germany, Italy, Australia, Japan
OwnerAirbnb
Founders
  • Sam Shank
  • Jared Simon
  • Chris Bailey
IndustryHotel, Tourism
ServicesTravel agency
URLhoteltonight.com
Native clients on
File:NYC, massive ad.jpg
HotelTonight advertisement in New York City.

HotelTonight is a travel agency and metasearch engine. It serves for users to book last-minute lodging in the Americas, Europe, Japan and Australia.[1][2][3][4][5][6][7]

History

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HotelTonight was founded in December 2010 by Sam Shank, Jared Simon, and Chris Bailey.[8] It first launched in January 2011, in the US on the iPhone App Store.[9] The app later launched on Google Play in July 2011 and serves cities in Europe, Canada, Central America and South America.[10][11][12]

Fundraising

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In May 2011, the company raised a $3.25 million Series A round from Battery Ventures, Accel Partners, and First Round Capital.[13] In November 2011, they raised $9 million from Accel Partners, Battery Ventures, and First Round Capital.[14] In June 2012, a Series C round from U.S. Venture Partners, Accel Partners, Battery Ventures, and First Round Capital raised another $23 million.[15] 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.[16]

Operations

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In October 2014, HotelTonight expanded from same-day only bookings to allowing users to book rooms up to 7 days in advance.[17] In September 2018, they began allowing bookings through the website.[18]

In March 2019, HotelTonight was acquired by Airbnb for approximately $450 million in cash and stock.[19][20][21]

References

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