- American City Business Journals•last month
San Francisco-based vacation rental startup Tripping.com has raised $35 million in a Series C funding round, entering a new phase of rapid growth. In the last year, the company doubled its property listings to 10 million – five times that of Airbnb – making it the world's largest search engine for vacation homes and short-term rentals. "Vacation rentals are one of the largest and fastest-growing markets on the planet.
- Barrons.com•2 months ago
Expedia’s recent purchase of vacation-rental company HomeAway has given it access to the same growing market as Airbnb and should result in “significant upside potential” for its stock, wrote CLSA analyst James Lee in a note this week. Before Expedia bought the company for $3.9 billion, HomeAway charged homeowners a fee every year to list their properties, but that brought in too little revenue. In 2015, HomeAway had $15 billion in gross bookings (the total amount people spent to book rooms on its platform) but only $500 million of that came back to HomeAway in the form of revenue.
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