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.
Airbnb is always more expensive for the same property found somewhere else.
That’s a pretty broad statement, I find a lot of other sites don’t show hidden fees so they look a lot cheaper than AirBnB and then end up more expensive. YMMV
Lol $50 off $27,212…that’s a <0.2% discount. Sign me up!
Should have put HOT in the title.
Impressive. Maybe a typo in 2nd paragraph. Luxury Retreats “are”. As always, great info provided by DOC
Fixed, thanks