AUSTIN, Texas--(BUSINESS WIRE)--
HomeAway, Inc. (NASDAQ: AWAY), the world’s leading online marketplace for vacation rentals, has expanded its distribution partnership with Europe’s leading professionally managed vacation rental company, Interhome AG, to add new listings to HomeAway’s network via its pay-per-booking product.
It is expected that this partnership will add tens of thousands of online bookable vacation rentals to HomeAway® in the coming months. Properties will first appear on its U.S. sites, HomeAway.com and VRBO.com, and European sites, FeWo-direkt® and HomeAway.co.uk. Interhome’s properties will later become available on additional sites around the world, like Abritel.fr in France, as HomeAway rolls out its pay-per-booking functionality.
To date, this is the largest distribution partnership enabled by HomeAway’s pay-per-booking product for property managers, which launched earlier this month.
“We’re excited to have a close integration with one of the largest and oldest companies in the business that enables our customers to receive quotes and book vacation rentals online,” says HomeAway CEO Brian Sharples. “We expect this is the beginning of many relationships with leading property managers, like Interhome, that will ultimately provide family and group vacationers with a high level of service.”
Founded in 1965, Switzerland-based Interhome is the operator of 15 regional subsidiaries and is one of Europe’s premier providers of professionally managed vacation rentals worldwide, with a concentration of listings in France, Italy, Spain and Switzerland.
“Working with HomeAway is a great fit because both companies passionately believe that vacations are not just about where you go, but where you stay,” says Interhome CEO Simon Lehman. “We look forward to helping even more families and groups create lasting memories with a level of service and comfort they’ll never forget.”
HomeAway, Inc. based in Austin, Texas, the world's leading online marketplace for the vacation rental industry, with sites representing over 773,000 paid listings of vacation rental homes in 171 countries. Through HomeAway, owners and property managers offer an extensive selection of vacation homes that provide travelers with memorable experiences and benefits, including more room to relax and added privacy, for less than the cost of traditional hotel accommodations. The company also makes it easy for vacation rental owners and property managers to advertise their properties and manage bookings online. The HomeAway portfolio includes the leading vacation rental websites HomeAway.com, VRBO.com and VacationRentals.com in the United States; HomeAway.co.uk and OwnersDirect.co.uk in the United Kingdom; HomeAway.de in Germany; Abritel.fr and Homelidays.com in France; HomeAway.es and Toprural.es in Spain; AlugueTemporada.com.br in Brazil; HomeAway.com.au in Australia; and Bookabach.co.nz in New Zealand. Asia Pacific short-term rental site, travelmob.com, is also owned by HomeAway.
HomeAway also operates BedandBreakfast.com, the most comprehensive global site for finding bed-and-breakfast properties, providing travelers with another source for unique lodging alternatives to chain hotels. For more information about HomeAway, please visit www.HomeAway.com.
About Interhome AG
Interhome AG (www.interhome.com) specializes in the rental of more than 32,000 quality holiday apartments, homes and chalets in 31 countries worldwide. In 2012, the company welcomed 535,000 holiday guests and recorded a net yield of CHF 181 million. Interhome is headquartered in Glattbrugg/Zurich and is a 100% subsidiary of Hotelplan Holding. In turn, Hotelplan Holding is a 100% subsidiary of Migros, Switzerland's largest retail supermarket chain, based in Zurich.
Cautionary Statement Regarding Forward-looking Statements
This press release contains "forward-looking" statements, subject to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995, which are based on HomeAway management's beliefs and assumptions and on information currently available to management. Forward-looking statements include information concerning HomeAway's expected, possible or assumed future results of the distribution partnership agreement between HomeAway and Interhome and expected, possible or assumed future distribution partnership agreements with other property managers around the world.
Forward-looking statements include all statements that are not historical facts and may be identified by terms such as "continues," "plans," "believes," "expects," "anticipates," "could," "look forward to," or similar expressions and the negatives of those terms. Forward-looking statements involve known and unknown risks, uncertainties and other factors that may cause actual results, performance or achievements to be materially different from any future results, performance or achievements expressed or implied by the forward-looking statements. Factors that could cause or contribute to such differences include, but are not limited to the following: (a) HomeAway's inability to continue to attract and maintain a critical mass of property listings and travelers, (b) HomeAway's or Interhome’s inability to increase the volume of Interhome properties listed on the HomeAway websites, (c) HomeAway’s inability to enter into new significant distribution partnership agreements with other property managers, (d) the impact of general economic conditions and (e) such other risks and uncertainties described more fully in documents filed with or furnished to the Securities and Exchange Commission (the "SEC"). All information provided in this press release is as of the date hereof and, except as required by law, HomeAway assumes no obligation to update this information, even if new information becomes available in the future.
- Mergers, Acquisitions & Takeovers
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- vacation rentals
Jordan Hoefar, 512-505-1857