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Airbnb acquires Urbandoor

Airbnb has acquired Urbandoor, a platform that offers extended stays to corporate clients. Terms of the deal were not disclosed.

  • The play: The corporate part of Airbnb now accounts for 15% of its bookings. Urbandoor has a footprint in 1,500 cities and will help satisfy the demand, according to TechCrunch.
  • Dig Deeper: Urbandoor has negotiated directly with multifamily owners rather than renters. Airbnb hopes that these relationships can be cultivated to ultimately convince landlords to set aside units for short-term stays as well. 
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