Feeds

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

Hopes to grab some of the London Olympics rental moolah

Bridging the IT gap between rising business demands and ageing tools

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 smart choice: opportunity from uncertainty

More from The Register

next story
BBC goes offline in MASSIVE COCKUP: Stephen Fry partly muzzled
Auntie tight-lipped as major outage rolls on
iPad? More like iFAD: We reveal why Apple ran off to IBM
But never fear fanbois, you're still lapping up iPhones, Macs
Nadella: Apps must run on ALL WINDOWS – PCs, slabs and mobes
Phone egg, meet desktop chicken - your mother
HP, Microsoft prove it again: Big Business doesn't create jobs
SMEs get lip service - what they need is dinner at the Club
ITC: Seagate and LSI can infringe Realtek patents because Realtek isn't in the US
Land of the (get off scot) free, when it's a foreign owner
Samsung threatens to cut ties with supplier over child labour allegations
Vows to uphold 'zero tolerance' policy on underage workers
Dude, you're getting a Dell – with BITCOIN: IT giant slurps cryptocash
1. Buy PC with Bitcoin. 2. Mine more coins. 3. Goto step 1
There's NOTHING on TV in Europe – American video DOMINATES
Even France's mega subsidies don't stop US content onslaught
You! Pirate! Stop pirating, or we shall admonish you politely. Repeatedly, if necessary
And we shall go about telling people you smell. No, not really
prev story

Whitepapers

Designing a Defense for Mobile Applications
Learn about the various considerations for defending mobile applications - from the application architecture itself to the myriad testing technologies.
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.
Reducing security risks from open source software
Follow a few strategies and your organization can gain the full benefits of open source and the cloud without compromising the security of your applications.
Boost IT visibility and business value
How building a great service catalog relieves pressure points and demonstrates the value of IT service management.
Consolidation: the foundation for IT and business transformation
In this whitepaper learn how effective consolidation of IT and business resources can enable multiple, meaningful business benefits.