Exclusive: HotelTonight Is Up for Sale Following Layoffs
Skift Take
The rest of the travel industry -- or at least the big players that matter -- have caught up to HotelTonight, the first mover in the same-day mobile hotel-booking space. Heavily funded, HotelTonight is seeking an exit that makes its investors whole.
HotelTonight has put itself up for sale, according to a source who has knowledge of the circulation of the company's profit and loss statements and presumably other financials being shown to potential acquirers.
It isn't known whether HotelTonight has hired bankers or whether the process is of a less formal nature.
The move takes place following the news last month that HotelTonight, a mobile-only last-minute booking app launched five years ago, layed off 20 percent of its staff, or 37 employees.
[Update:
