HomeAway expands reach with Expedia partnership
Oct 23, 2013
Austin American Statesman
Austin-based HomeAway and online travel company Expedia said Tuesday that they’re partnering to offer HomeAway vacation rental properties on Expedia.com
The pilot program is expected to launch early next year and will include properties throughout the United States and Mexico. The agreement expands on Expedia’s current relationship with BedandBreakfast.com, another rental website that is operated by HomeAway
Founded in 2005, HomeAway operates the largest network on online vacation rentals. HomeAway’s websites feature 775,000 paid listings in 171 countries
In Nasdaq trading, HomeAway’s stock closed up 2.34 percent Tuesday to $29.23. Shares hit a nearly two-year high of $34.30 in April
Expedia, based in Bellevue, Wash., lets customers books airline tickets, hotel reservations, car rentals, cruises, vacation packages and other services online.
John Morrey, vice president and general manager of Expedia.com, said in a statement, “In exploring the addition of stand-alone vacation rental homes to Expedia.com in the U.S., it made the most sense to do so in partnership with HomeAway, the world’s leading vacation rental provider. We think it will be a win-win-win, for Expedia, HomeAway and most importantly, customers.”
Last week, HomeAway announced a new booking model and a professional service network. The new pay-per-booking model lets homeowners and property owners pay a 10 percent commission each time the home is booked, with no upfront subscription fee.
HomeAway has more than 1,400 employees worldwide, including more than 700 in Austin. To accommodate its growth, the company has leased additional space off site from its global headquarters at West Fifth Street and Lamar Boulevard
Last year, it took more than 26,000 square feet in the Penn Field complex on South Congress Avenue. Next year, it is expected to occupy a new office project at the Domain development in North Austin. HomeAway will take 115,000 square feet in the Domain 2 building