Airbnb is now trying to make itself into the destination for the super wealthy, being reportedly in the process of buying Canadian-based Luxury Retreats International Inc which offers 4,000 properties around the world, including many in Canada.

The purchase price would be worth between $200 million and $300 million, which would make it Airbnb’s largest acquisition to date.

Airbnb does approximately $3 billion in bookings per year, while Luxury Retreats is thought to do approximately $150 million.

Read more:

Tagged with →