Investing.com — Airbnb has launched its first-ever self-funded promotion, offering a 10% credit toward future stays or experiences on its platform when users book through HotelTonight, its last-minute hotel booking subsidiary.
“This will be the first time Airbnb have offered a self-funded discount, with no loyalty scheme, unlike OTA peers Genius and OneKey programs,” said the firm. “The promotion is a clear sign of Airbnb’s cross-vertical ambitions.”
They added that the initiative showcases the company’s push beyond its core vacation rental business.
While HotelTonight remains a small part of Airbnb’s overall business—less than 1% of nights booked, according to Bernstein estimates—this move suggests the company is serious about driving cross-platform spend.
Airbnb’s foray into discounting comes as the company explores ways to expand its reach beyond vacation rentals.
“Growth and product innovation will not be free—Airbnb will need to invest in its…
