Earlier this month we shared that AirBnB was on the cusp of purchasing Luxury Retreats. That deal is now official with AirBnB securing the deal despite higher bids from Accor & Expedia. Luxury Retreats has inventory for 4,000 properties around the world and does $150m in yearly bookings compared to AirBnB’s $3bn.
Luxury Retreats aren’t joking when they say they have luxury properties, for example one listing is Chateau Petit Versailles with 14 bedrooms, 14 bathrooms a pool and rents for a cool $27,212 per night.
Courtesy of Luxury Retreats
The margins for luxury properties such as these are significantly better than AirBnB normally makes. In addition Luxury Retreats have a concierge service that AirBnB we keen to offer across their platform. If $27,212 a night seems excessive, don’t forget existing users can get $50 off by completing your first AirBnB business stay.
