Airbnb has acquired Trip4real. Reports of the acquisition were announced over the weekend, with Tech.eu breaking the news. The terms of the acquisition are unknown, but it is rumored that Airbnb may have paid as much as $11 million for the Spanish startup.
Venturebeat also confirmed the acquisition from the company’s founder.
The portfolio of Airbnb continues to grow, solidifying the company’s presence in the travel industry. The two companies have worked closely together prior to the deal, as seen with Trip4real’s dedicated Airbnb section. Airbnb also advised the company as it has grown.
A close partnership with Airbnb allows the company to be a natural fit for Airbnb and the marketplace.
Trip4real offers a variety of services through its marketplace to tourists and travelers. Travelers will be able to click on a hotspot, such as Rome, and find tours the city, enjoy cooking classes and even go through a street food tour.
Users on the site are allowed to place their own service on the site, allowing for an eclectic assortment of activities for tourists to enjoy all across Europe. The company hasn’t moved into other markets as of yet.
The two companies can offer even more to travelers as a combined entity. Airbnb can connect users with accommodations while offering tours and cooking classes via Trip4real. The companies will operate as separate entities for the near term.
Users on the two sites will not notice a difference in service.
The Barcelona startup has raised just over $3 million in funding since it began its operations in 2012. Airbnb has purchased 10 companies so far, and this is the second known acquisition of the company this year alone.
Airbnb’s acquisition will allow the company to remain competitive in the industry.
No further information about what will happen to Trip4real’s employees or headquarters has been released at this time.