Online Momentum Accelerates at HomeAway

Vacation rental market leader HomeAway may have missed its first quarter profit targets, but says it had a “blockbuster” three months in terms of converting property owners to e-commerce.

“We had a blockbuster quarter for our online booking initiative with 465,000 listings now online bookable due to a record number of subscribers adopting this feature,” said CEO Brian Sharples.

“Our aggressive push into e-commerce and online booking is on track to achieve our goal of making nearly all our listings online bookable by the end of 2016.”

As for the financials, revenue increased 12.6% to USD119m while the company posted a net loss of (USD2.1m).

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