QUOTE AND NEWS
Cellular News  Aug 10  Comment 
BEND, Ore. , Aug.andnbsp;NAVIS, the No. 1 reservation sales and marketing technology provider for the hospitality industry, this week revealed the first-to-market solution in response to the recent HomeAway changes that have created concern and...
Forbes  Jul 27  Comment 
In advance of the total solar eclipse, first-time hosts are putting their pads on Airbnb and HomeAway in droves.
Clusterstock  Jun 12  Comment 
Forget the Hamptons – New Yorkers have a new place to vacation, and it's a lot more rugged. Some wealthy people are trading their Hamptons beach mansions for rustic homes in the Hudson Valley and the Catskills. According to recent analyses...
Wall Street Journal  May 1  Comment 
Home-sharing sites Airbnb Inc. and Expedia Inc.’s HomeAway have reached a settlement with San Francisco that makes it easier for rental hosts to register with the city and helps the companies avoid costly fines.
Forbes  Feb 9  Comment 
Expedia missed earnings expectations but its 2016 fiscal year performance was bolstered by the success of two recent acquisitions: Orbitz Worldwide and vacation rental platform HomeAway.
Forbes  Dec 7  Comment 
When most people book a vacation rental online these days, HomeAway is typically still their first go-to. The company has been the 800-pound gorilla in the online vacation rental market space for almost a decade now since acquiring its chief rival...
The Economist  Nov 25  Comment 
THE phoney war between home-sharing websites and Barcelona seems to have come to an end. After months of sparring between the parties, this week Barcelona levied fines of €600,000 ($636,000) each on Airbnb and HomeAway, which it says have been...
Reuters  Nov 24  Comment 
Barcelona fined homesharing websites Airbnb and Homeaway 600,000 euros ($633,600) each for advertising and renting out apartments to tourists without a license, the Catalan regional government said on Thursday.
newratings.com  Nov 23  Comment 
VIENNA (dpa-AFX) - Airbnb Wednesday settled a lawsuit related to short-term rental advertising law. The lawsuit was filed against the state of New York that introduced heavy fines for advertise listings on Airbnb, HomeAway and such platforms. The...




 
TOP CONTRIBUTORS

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
  2. HomeAway S-1/A 2011 SUMMARY "SUMMARY CONSOLIDATED FINANCIAL AND OTHER DATA" pg 8
  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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