ISSUE – Mar. 08 | Airbnb is acquiring a hotel company. So is Airbnb now a hotel company?

Airbnb is making what could be its biggest acquisition yet, plunging fully into the hotel space by acquiring HotelTonight, the provider of last-minute, boutique options for a night’s stay.

The announcement further cements Airbnb’s transformation from a mere platform for wayward travelers looking for a spare room in an off-beat home into a full-fledged travel company that is increasingly similar to the hotel incumbents it began to replace more than a decade ago. [ Re/Code ]

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