Airbnb has acquired Montreal-based luxury vacation rental company Luxury Retreats, a move that is expected to bolster the use of the sharing-economy giant among wealthy globetrotters.
Luxury Retreats, which offers over 4,000 homes in 1,000 destinations worldwide including Tuscany and the Turks and Caicos, provides concierge services and dedicated villa specialists to its customers. These services and support will be maintained as Luxury Retreats joins the Airbnb community.
Following the acquisition, Luxury Retreats CEO Joe Poulin will join Airbnb and lead luxury homes, reporting to Airbnb co-founder and CEO Brian Chesky.
Luxury Retreats will remain based in Montreal and will continue to operate as a standalone entity in the short time but over time its listings will be integrated and highlighted on Airbnb's platform.