Having recently acquired Montreal based Luxury Retreats International, AirBNB is expanding their repertoire of elite vacation rentals and travel services. While the sum that changed hands was not actually revealed, it has been estimated that AirBNB shelled out between $200 million to $300 million. Despite the acquisition, some things will remain the same at Luxury Retreats, the company will continue to be based out of Montreal and CEO Joe Poulin will join Airbnb to lead luxury homes while reporting to Airbnb co-founder and CEO Brian Chesky.
“From airbeds in an apartment to castles to villas, Airbnb has always been focused on providing a broad range of amazing experiences and trips,” said co-founder and CEO Brian Chesky. “I have spent countless hours with Joe and his team and seen firsthand their passion for delivering amazing hospitality and unforgettable experiences in spectacular places around the world. They share our values and I’m excited to work with the Luxury Retreats team to serve more travelers. The incredible energy and talent in these teams will help support our mission and grow our community and I’m confident that we will expand our team in Canada in the months and years ahead.”
According to the press release from AirBNB the job description for Luxury Retreats team will remain mostly the same. They will continue to provide concierge services and access to its support team as well as dedicated villa specialists to help guests find the perfect villa. Through this service AirBNB user will now be able to access higher end homes; Luxury Retreats listings include a $4,673 per night villa in Tuscany and a seaside retreat in the Turks and Caicos which could cost as much as $22,000 per night.