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.