Online travel booking firm Expedia is increasing its bet on the short-term home rental industry, acquiring startups Pillow and ApartmentJet this week. Expedia already operates HomeAway, and the latest acquisitions represent a double-barreled attempt at stealing away some of rival Airbnb‘s market share. In a filing with the Securities and Exchange Commission, Expedia said that its latest acquisitions “will contribute to HomeAway’s ability to add an even broader selection of accommodations to its marketplace.” Financial […]
source https://therealdeal.com/2018/10/25/expedia-acquires-two-home-rental-startups-in-fight-with-airbnb/
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