You cannot just say they are similar. They have a similar concept maybe. Homeaway caters to a different type of audience, the one that can drop a few thousands

You cannot just say they are similar. They have a similar concept maybe. Homeaway caters to a different type of audience, the one that can drop a few thousands on a vacation trip. AirBnB caters to cost savvy individuals who just want to spend a couple of days in one location and don't need that fancy pool. Also AirBnB is a small team so they could be lean and mean. homeaway has been around for nearly 4 years and that massive amount of money they have is to not only cover their operation costs, but also acquire innovative young companies such as AirBnB.