Airbnb to purchase Luxury Retreats to offer upscale properties
Airbnb is set to buy Luxury Retreats in response to consumer demand for rentable upscale properties. The deal, reportedly worth between $200m and $300m, has not been officially announced but the Airbnb board is expected to vote on it soon. If cost estimates are true, it will be the largest acquisition yet made by Airbnb.
Travel and hospitality

Audi partnered with Airbnb for desert adventure experience

Short-term home rental service Airbnb is innovating in the luxury travel space and responding to consumer demand with its soon-to-be-finalized purchase of Luxury Retreats, a similar service working with only upscale properties.