Expedia acquires Pillow and ApartmentJet to conquer the short-term rental market

INSUBCONTINENT EXCLUSIVE:
To keep up with the rising demand for short-term rentals in United States cities and compete with the home-sharing giant Airbnb, travel
join Expedia
statement.Expedia paid $3.9 billion for HomeAway and its portfolio of travel brands in 2015
darling Airbnb
Its latest targets provide software tools for property managers to easily manage short-term rentals on Airbnb competitors like HomeAway and
VRBO.Located in San Francisco, Pillow helps residents list their apartments as short-term rentals without violating their leases
helps property owners earn money off vacancies
Founded in 2016, the Chicago-headquartered startup had raised a reported $1.2 million in capital from Network Ventures and
BlueTree.Bellevue-based Expedia Group owns several travel brands, including HomeAway, VRBO, Travelocity, trivago, Orbitz and Hotels.com