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HomeAway announced in November 2006 its $160 million in financing to fund global expansion initiatives, including the acquisition of Vrbo.com (Vacation Rentals by Owner). [11] On November 11, 2008, HomeAway announced it had completed an additional $250 million equity capital raise. [ 48 ]
VRBO originally had a subscription business model in which payment of an annual fee allowed homeowners to list their properties on the website. [5] In 2006, VRBO was acquired by HomeAway. [6] [4] On November 4, 2015, Expedia Group announced it would acquire HomeAway, including VRBO, for $3.9 billion. The transaction closed in the first quarter ...
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HomeAway Updates Vacation Rental App with Enhanced Traveler Experience and Owner/Property Manager Functionality AUSTIN, Texas--(BUSINESS WIRE)-- HomeAway, Inc. (NAS: AWAY) , the world's leading ...
Mobile App Developer — [26] July 21, 2011: Your Unlimited Adventures Travel Management Company $ 11,400,000 — [27] April 27, 2012: VIA Travel Travel Management Company — [28] March 12, 2013: trivago GmbH: Hotel Metasearch Engine €477,000,000 in cash and stock [29] [30] [31] May 17, 2013: Go Adventure Pro Travel Agency $ 11,600,000 [32 ...
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Homeowners make money by listing their properties online and travelers save hundreds by lodging in a rented home instead of a hotel.
Vacation rentals can also negatively affect local communities in a number of ways. While not the major cause of limited affordable housing, vacation rentals negatively affect the long-term housing market in local communities, especially tourism communities. As more short-term rentals increase, the availability of long-term units decreases.