Luxury Retreats International Inc.
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Luxury Retreats International Inc. - overview
Established
1999
Location
Montreal, QC, Canada
Primary Industry
Internet
About
Luxury Retreats International Inc. is a premier vacation rental company, offering high-end, meticulously vetted accommodations in exclusive destinations for discerning travelers seeking luxury and privacy. Founded in 1999 in Montreal, Canada, Luxury Retreats International Inc. specializes in high-end vacation rentals.
The company was acquired by Airbnb in February 2017 for approximately USD 200 mn. Janice Liu is the founder, and Mark Styles is the current CEO. The company has executed a total of 3 deals. Luxury Retreats specializes in offering high-end vacation rental properties, catering to affluent clients seeking luxurious accommodations in exclusive locations.
Their core offerings include rigorously inspected luxury homes and villas, ranging from private islands to alpine retreats, designed to fulfill the needs of travelers looking for unique experiences. The company operates in diverse markets across North America, Europe, and select destinations in Asia, targeting families, couples, and groups seeking exceptional vacation experiences with an emphasis on privacy and luxury. Luxury Retreats generates revenue primarily through direct transactions with clients who seek vacation rentals. Clients are charged per booking, with pricing varying based on property type, location, and seasonal demand.
The platform allows for seamless reservations, often requiring upfront payments or deposits. Their business model includes partnerships with property owners and exclusive listings, enhancing their portfolio while catering effectively to individual consumers and larger groups. With the recent acquisition by Airbnb and the additional funding of USD 200 mn from this deal, Luxury Retreats plans to enhance its product offerings and expand its market presence. The company is focused on launching new luxury property listings aimed at attracting high-end clientele while targeting expansion into new geographical regions, including further markets in Europe and Asia by 2025.
The funding will support these initiatives, ensuring sustained growth and an enhanced customer experience.
Current Investors
Airbnb, Inc., BDC Capital, Inovia Capital
Primary Industry
Internet
Sub Industries
Travel & Tourism, Search Engines
Website
www.luxuryretreats.com
Company Stage
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Total Amount Raised
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