Feeds

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

Hopes to grab some of the London Olympics rental moolah

The essential guide to IT transformation

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. ®

The essential guide to IT transformation

More from The Register

next story
6 Obvious Reasons Why Facebook Will Ban This Article (Thank God)
Clampdown on clickbait ... and El Reg is OK with this
No, thank you. I will not code for the Caliphate
Some assignments, even the Bongster decline must
Caught red-handed: UK cops, PCSOs, specials behaving badly… on social media
No Mr Fuzz, don't ask a crime victim to be your pal on Facebook
Barnes & Noble: Swallow a Samsung Nook tablet, please ... pretty please
Novelslab finally on sale with ($199 - $20) price tag
Ballmer leaves Microsoft board to spend more time with his b-balls
From Clippy to Clippers: Hi, I see you're running an NBA team now ...
Banking apps: Handy, can grab all your money... and RIDDLED with coding flaws
Yep, that one place you'd hoped you wouldn't find 'em
Video of US journalist 'beheading' pulled from social media
Yanked footage featured British-accented attacker and US journo James Foley
Call of Duty daddy considers launching own movie studio
Activision Blizzard might like quality control of a CoD film
Primetime precrime? Minority Report TV series 'being developed'
I have to know. I have to find out what happened to my life
prev story

Whitepapers

A new approach to endpoint data protection
What is the best way to ensure comprehensive visibility, management, and control of information on both company-owned and employee-owned devices?
Implementing global e-invoicing with guaranteed legal certainty
Explaining the role local tax compliance plays in successful supply chain management and e-business and how leading global brands are addressing this.
Maximize storage efficiency across the enterprise
The HP StoreOnce backup solution offers highly flexible, centrally managed, and highly efficient data protection for any enterprise.
How modern custom applications can spur business growth
Learn how to create, deploy and manage custom applications without consuming or expanding the need for scarce, expensive IT resources.
Next gen security for virtualised datacentres
Legacy security solutions are inefficient due to the architectural differences between physical and virtual environments.