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Watch Out, HomeAway and Airbnb: TripAdvisor May Just Be The Next King Of Vacation Rentals

Forbes - Tech

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 VRBO (arguably the platform that started it all) back in 2006. It's been equally that long since the vacation rental business was a desktop, mom-and-pop enterprise to scrape some extra cash off your ski condo. The global vacation rental market now represents one of the most potentially disruptive forces in global hospitality. When VRBO sold out to HomeAway, the site had just over 60,000 listings, almost exclusively located in the U.S. Today HomeAway, now publically traded, has over a million vacation rental properties in 190 countries with various versions of their site translated into over 40 languages worldwide.


Watch Out, HomeAway and Airbnb: TripAdvisor Is About To Become The Top Vacation Rental Destination

Forbes - Tech

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 VRBO (arguably the platform that started it all) back in 2006. It's been equally that long since the vacation rental business was a desktop, mom-and-pop enterprise to scrape some extra cash off your ski condo. The global vacation rental market now represents one of the most potentially disruptive forces in global hospitality. When VRBO sold out to HomeAway, the site had just over 60,000 listings, almost exclusively located in the U.S. Today HomeAway, now publically traded, has over a million vacation rental properties in 190 countries with various versions of their site translated into over 40 languages worldwide.


South Lake Tahoe Awaits Outcome of Vacation Home Rental Suit

U.S. News

The resort city of South Lake Tahoe is walking the tightrope between enforcing a voter-approved ban on vacation home rentals in residential areas while also awaiting the outcome of a lawsuit filed against that very same law.


Airbnb Long-Term Rentals: Company To Explore Launching Sublet, Extended Stays

International Business Times

Rental service Airbnb is best known for making it easy to find a place to stay during vacations, but the site may soon offer a longer-term option for users. Airbnb is exploring making a formal move into sublets and home rentals, according to a report from Bloomberg. Airbnb has asked consulting firm McKinsey & Co. to look into the current market for longer-term rentals. While the rental and sublet market has generally been populated by companies like Craigslist and smaller regional classified companies, Bloomberg notes Airbnb believes it could leverage its existing verification and rental tools to make an impact in the market. Technically, Airbnb already offers subletting options to users.


Expedia, Priceline Home In on Airbnb's Turf

WSJ.com: WSJD - Technology

Expedia and Priceline, which have dominated hotel bookings for two decades, are now betting big on the rental sector by boosting their inventory of home-rental options that can be booked similarly to a hotel, with just a few clicks. The home-rental market is about one-fifth the size of the hotel market based on revenue in the U.S., but it has been growing faster than hotels since 2015, according to data from travel industry-research group Phocuswright. Revenue in the U.S. private accommodation market--which includes vacation rentals, homes or rooms rented out on a short-term basis--grew 11% last year from the year earlier, and is projected to grow 8% this year to more than $34 billion. The U.S. hotel industry grew 5% last year to $151 billion and is projected to do the same this year, according to the data. As the vacation-rental sector has expanded, online intermediaries such as Airbnb, Priceline, Expedia and TripAdvisor have grabbed larger shares of the listings.