April 5, 2016
French hotels group Accor is acquiring the UK home rentals start-up Onefinestay for at least €148m, in the latest move by hoteliers to address the threat posed by online competitors from Airbnb to Expedia. Accor, Europe’s largest hotelier by room numbers, said on Tuesday that it would buy out all current institutional shareholders of Onefinestay, a six-year-old company that is an upmarket competitor to Airbnb. Like its larger rival, it allows people to rent other people’s homes for short periods….
Source: http://www.ft.com/cms/s/5d552e26-fa76-11e5-8f41-df5bda8beb40,Authorised=false.html?siteedition=uk&_i_location=http%3A%2F%2Fwww.ft.com%2Fcms%2Fs%2F0%2F5d552e26-fa76-11e5-8f41-df5bda8beb40.html%3Fsiteedition%3Duk&_i_referer=&classification=conditional_standard&iab=barrier-app#axzz44xArw2P3