Travel tech is all the rage at the moment. Today Hostelworld, the Irish-based, London-listed travel booking site for backpackers, said total bookings through its core brand were up 15% last year after it revamped its website.
And there’s similarly good news for the British Airbnb rival Onefinestay, whose founders should be set for a hefty payout after the business was acquired by French hotel group AccorHotels for €148m (£118m).
Like its Silicon Valley counterpart, Onefinestay lets home owners rent out their property to travellers looking for a more interesting experience than a generic hotel room. But it’s particularly focused on the higher end of the market and offers a full cleaning, maintenance and insurance service to hosts. Accor has agreed to invest a further €64m to help the company scale.