Benzinga  May 23  Comment 
Cantor Fitzgerald has reiterated its Buy rating and $180 price target on Expedia Inc (NASDAQ: EXPE), saying that its checks indicate HomeAway's transition is progressing well, with robust growth in paid search volume and a wide range of changes to...
TechCrunch  May 13  Comment 
 Governor Doug Ducey of Arizona has signed SB 1350,  a law which prohibits cities and municipalities from banning the listing and use of short-term rentals like Airbnb, HomeAway, and others. Signing the law isn’t solely about gaining...
TechCrunch  Apr 21  Comment 
 A search engine that lets travelers find and book a stay in non-hotel lodgings, Tripping.com, has detected a burgeoning “budbnb” trend in Colorado. San Francisco-based Tripping.com aggregates vacation rental listings from the likes of...
CNNMoney.com  Apr 1  Comment 
It's matched more than 2 million married couples. Now, eHarmony wants to help people find jobs that they love.
New York Times  Feb 16  Comment 
HomeAway’s new ads take an edgy approach to generate interest in the company.
New York Times  Feb 14  Comment 
HomeAway’s new ads take an edgy approach to generate interest in the company.
MarketWatch  Feb 10  Comment 
Expedia’s head of finance says he sees opportunity is the sharing economy, and is tackling it with its $3.9 billion acquisition of HomeAway
newratings.com  Dec 15  Comment 
BELLEVUE (dpa-AFX) - Expedia, Inc. (EXPE) announced it has completed acquisition of HomeAway, Inc., including all of its brands. The company said the exchange offer to acquire all of the outstanding shares of HomeAway common stock expired, and a...
Motley Fool  Nov 28  Comment 
The online travel giant will pay the equivalent of roughly $3.9 billion to own the do-it-yourself home rental agency.


HomeAway (NASDAQ:AWAY) is an online vacation rental company that provides a virtual market space where users can post their privately-owned homes for rent. The company has funished villas, resort homes, cabins, secondary vacation living spaces from all over the world with over 9.5 million unique viewers per month. The company's business model allows viewers to browse the website freely at no charge while the property managers and owners pay an annual listings fee. Additional tools and software add-ins are also available for a fee in order to facilitate postings and updates. [1]

Business Overview

For the full year 2010, KiOR posted $168M in revenue and $16.9M in net income. This was a 40% increase in revenue and 120% increase in net income as compared to the previous year.[2]

New Updates

The company's initial public offering of stock on the NASDAQ occurred on June 28, 2011. The company offered 8M shares each for $27 at the high end of the the $24-$27 initial price range. The offering raised only a total of $216M. The lead managers of the IPO were Morgan Stanley (MS), Deutsche Bank AG (DB), Goldman Sachs Group (GS) and J P Morgan Chase (JPM). [3]

Trends & Forces

Opportunity to Improve Inefficient Vacation Rental Market

The vacation rental market is a highly fractionated and inefficient market space with significant opportunity for online advertising. In the past, vacationers have not had very many consolidated locations to compare offers or explore new travel locations. Historically many property managers have also had issues being to maximize revenues by renting locations during low periods. These inherent market inefficiencies have largely been reduced with online marketing services similar to the ones that HomeAway provides. Similar to EBay (EBAY) and other e-commerce companies, the sellers rely on customer feedback ratings and reviews to develop credibility with potential renters. [4]

  1. HomeAway S-1/A 2011 SUMMARY "Overview" pg 1-2
  3. Renaissance Capital - IPO Home "HomeAway prices IPO at $27, at high end of the range" 28 June 2011
  4. HomeAway S-1/A 2011 PROSPECTUS SUMMARY "The Vacation Rental Industry" pg1-3
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