Bob W's expansion comes at a time when the short-term rental market in Europe is seeing high demand. But it's no easy task to become a profitable pan-European operator with all the regulatory challenges in a fragmented market.
Several news outlets reported erroneously that Airbnb acquired Scottish property portal Letting Cloud. But Airbnb has denied all reports, stating it has not and does not intend to acquire this company.
The sure bet is that the major online travel agencies will use some cash to buy back shares in 2023 unless the economy tanks. Less sexy than acquisitions, but good for shareholders. Still, that leaves plenty of money for some possible headline-making deals.