At $2.5 billion, Airbnb is now more valuable than the Mandarin Oriental hotel chain

October 19, 2012
October 19, 2012

Peter Thiel is leading a new round of funding for Airbnb, the five-year-old online marketplace for short-term rentals, at a valuation of $2.5 billion, The Wall Street Journal just reported.

That makes the company more valuable than, for instance, upscale hotel chain Mandarin Oriental, which has a market capitalization of $1.5 billion. And WSJ editor Dennis Berman notes that Airbnb’s new valuation is also about 40% of giant Hyatt Hotels. It was only last summer that Airbnb was valued at $1 billion.

Click here for lodging stocks ranked by market cap.

Over in Ideas, Mitra Kalita writes about how an economic recovery could hurt Airbnb’s growth.

Top News

Powered by VIP

Get every new post delivered to your Inbox.

Join 26,680 other followers