Feeds

US rent-a-room biz swallows Blighty's Crashpadder

Hopes to grab some of the London Olympics rental moolah

Combat fraud and increase customer satisfaction

American rent-a-room service AirBnB is hoping to grab a slice of the lucrative London Olympic-time rentals by buying out smaller British rival CrashPadder.

AirBnB bought out the British company yesterday for an undisclosed sum. Both sites provide a social network cum advertising service for short-term and holiday rentals. A posting on the Crashpadder homepage today informed users that all listings and personal profiles on CrashPadder will be shifted onto the Air BnB platform as of today.

CrashPadder had 7,000 members across the world, mainly in the UK where Dan Hill and Stephen Rapoport founded the company in 2008.

The most significant difference for users will be Air BnB's £30,000 host guarantee, free professional photography for properties and 24/7 support.

The buyout will help Air BnB expand in Europe – one of its ambitions for 2012 – and take advantage of the boom expected from Olympics-related rentals.

Air BnB has built a business by connecting people interested in short-term rentals. By charging fees to list a property and taking a cut of the rentals paid, the start-up has created a lucrative business from what sites such as CouchSurfer and Craigslist run as a free service.

AirBnB have attracted $120m in venture funding. The ride hasn't been entirely smooth however, in one horror story from summer 2011, an AirBnB landlord had her house thoroughly ransacked by thieves who snatched her locked-up jewellery, computers and Bed Bath & Beyond tokens; wore her clothes; and photocopied her birth certificate and social security card. ®

3 Big data security analytics techniques

More from The Register

next story
Dropbox defends fantastically badly timed Condoleezza Rice appointment
'Nothing is going to change with Dr. Rice's appointment,' file sharer promises
Audio fans, prepare yourself for the Second Coming ... of Blu-ray
High Fidelity Pure Audio – is this what your ears have been waiting for?
Did a date calculation bug just cost hard-up Co-op Bank £110m?
And just when Brit banking org needs £400m to stay afloat
MtGox chief Karpelès refuses to come to US for g-men's grilling
Bitcoin baron says he needs another lawyer for FinCEN chat
Zucker punched: Google gobbles Facebook-wooed Titan Aerospace
Up, up and away in my beautiful balloon flying broadband-bot
Apple DOMINATES the Valley, rakes in more profit than Google, HP, Intel, Cisco COMBINED
Cook & Co. also pay more taxes than those four worthies PLUS eBay and Oracle
It may be ILLEGAL to run Heartbleed health checks – IT lawyer
Do the right thing, earn up to 10 years in clink
prev story

Whitepapers

Top three mobile application threats
Learn about three of the top mobile application security threats facing businesses today and recommendations on how to mitigate the risk.
Combat fraud and increase customer satisfaction
Based on their experience using HP ArcSight Enterprise Security Manager for IT security operations, Finansbank moved to HP ArcSight ESM for fraud management.
The benefits of software based PBX
Why you should break free from your proprietary PBX and how to leverage your existing server hardware.
Five 3D headsets to be won!
We were so impressed by the Durovis Dive headset we’ve asked the company to give some away to Reg readers.
SANS - Survey on application security programs
In this whitepaper learn about the state of application security programs and practices of 488 surveyed respondents, and discover how mature and effective these programs are.