Airbnb acquired Urbandoor, a leading player in the business travel space, a market segment where Airbnb wants to grow. The acquisition’s objectives are twofold; increase Airbnb’s inventory of extended stay units, and capitalize on Urbandoor’s extensive relationships with multifamily building owners.
According to the Eric Eccles, co-founder of Urbandoor, “Joining the Airbnb family will help us make good on our goals and expand our work with multifamily and corporate housing partners to bring even more great places to stay to Airbnb travelers”.