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They have a competitor in HomeAway already. They are a public company with an IPO last year (NDAQ:AWAY). Airbnb is the new entrant and doing a good job at grow
by bretpiatt 14y ago
They have a competitor in HomeAway already. They are a public company with an IPO last year (NDAQ:AWAY). Airbnb is the new entrant and doing a good job at growing more quickly right now and based on these estimates could pass them in revenue in 2013. AWAY has reported 242M in revenue (TTM ending Q112) with ~35-40% YoY growth.
- hoodwink 14y agoI'm aware of HomeAway. That company has a different business model which is more of an online classifieds site. Pay $300 per year and post your home. Potential renters can browse for free. All transactions are person-to-person, whereas Airbnb takes a more active approach and handles money collection, complaints, etc. Per my research, I think HomeAway does better in the traditional week-long vacation rental market whereas Airbnb is more geared up for the shorter duration stays in urban areas.
- DanielCole 14y agoCorrect. I've used HomeAway for two vacations. Their focus has always been the traditional vacation home owner. 99% of their listings are an aggregate of other perfessionally managed 7-day stay rental homes. Completely different business model, technology, culture, market, etc. HomeAway CEO Brian Sharples has remarked multiple times they see little to no overlap in their customers & listings. See his answer about half way down this 2011 WSJ article: http://blogs.wsj.com/venturecapital/2011/10/13/homeaways-ceo-talks-ipos-airbnbs-valuation/ http://blogs.wsj.com/venturecapital/2011/10/13/homeaways-ceo...