Airbnb to Purchase Luxury Retreats & Enter the High-End Rental Market

In a little under 10 years, Airbnb has not only become a household name, but has greatly disrupted the travel industry, causing hoteliers to lose approximately $450 million in direct revenues per year. Although the $10 billion company offers a range of options from cheap accommodations to luxury digs, it hasn’t yet become a go-to for those seeking high-end rentals. But that may soon change since the SF-based company is expected to purchase Luxury Retreats International Inc. this month.

Nicolle Monico

Nicolle is an award-winning writer and Travel Editor using her expertise in the industry to write about luxury travel around the world. You can find her daily searching the web for the latest trends, best new hotels and most beautiful destinations to visit and share with her readers. She's been featured on The Huffington Post, Hard Assets, AMD Entertainment and Remy Martin. In 2014, she was vo...(Read More)