Airbnb announced on Thursday that it plans to acquire HotelTonight, an online service that allows users to book last-minute hotel reservations.
Airbnb said in a release that the purchase will accelerate its efforts to "build an end-to-end travel platform that serves everyone" and help cater to "enormous demand" from and for boutique hotels. "Boutique hotels are helping to bring new guests to Airbnb and making our community larger and stronger," the company said. "Once these new guests come to Airbnb, they're returning to book with our Home hosts.
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