Luxury airbnb5/7/2023 ![]() ![]() The company has tapped into an explosion of interest in the Airbnb-style of finding and renting homes, which has touched even the high end of the market. As we noted when we covered their last round in 2015, of $11 million, the company had been already profitable for years. Luxury Retreats - based out of Montreal, Canada - has raised $16 million in funding. He provided the following comment: “We are always looking to provide our community with access to new and different options, but we have no announcements to make.” ![]() ![]() We have another clue that points to the deal: in addition to our other sourcing, when I emailed Joe Poulin, the CEO and co-founder of Luxury Retreats, to see if he could tell me anything, I received a reply directly from an Airbnb spokesperson - who I had not contacted yet. The company has now raised close to $3 billion and last summer filed to raise $850 million at a $30 billion valuation. This would fit in with Airbnb’s wider remit, too, to continue diversifying its user base and income, potentially ahead of a public listing. Their capability in the luxury is unrivalled and complimentary to the capabilities at Airbnb.” Homes on the platform include a villa owned by Francis Ford-Coppola in Puglia, Italy and Richard Branson’s Necker Island. The potential deal for Luxury Retreats was first reported by Bloomberg, at a price of under $300 million.Īirbnb, one source notes, “is deeply interested in the company because of their extremely talented team with deep experience in the luxury segment. ![]() The company is in the late stages of acquiring Luxury Retreats, an Airbnb-style service that focuses on high-end homes, for a price believed to be around $200 million, our sources say. Airbnb may have been founded on the premise of renting out spare sofa or bed space as a cheap alternative to hotels, but the company has moved upmarket in a big way, and is about to take that up another notch. ![]()
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