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Today's Expedia Inc's acquisition of HomeAway, the vacation rental platform, for $3.9 billion (mostly in stock) could be understood as an alliance of mutual interest against Airbnb, the peer-to-peer short-term rental giant.. Is this likely to shake up the by Jacob Demmitt on December 15, 2015 at 9:18 am. Those that use this app can ensure that they will be able to make their vacation dreams become a reality with the use of the travel agents that they have on hand. Expedia’s Acquisition of VRBO and HomeAway – owner beware! HomeAway Inc. Soars on Acquisition by Expedia Inc. The merger was good news for those at both companies, but bad for their competitors who are not working together. Expedia sold its majority stake in eLong in May 2015 due to high competition in China, resulting in operating losses impacting the company’s global financial performance. They are seeing a great change in the $100 billion alternative lodging market that is pulling these companies to them. Expedia said its acquisitions — or lack thereof — in 2016 didn’t amount to much. HomeAway has been part of the Expedia travel group since 2015. They do this by making it easy work for rental owners and managers to rent out their properties. © 2020 Euromonitor is privately owned & trademarked. HomeAway, on the other hand, is making headway in the Chinese market through a minority investment in Tujia, one of the most successful peer-to-peer platforms in China. BELLEVUE, Wash. and AUSTIN, Texas, Nov. 4, 2015 /PRNewswire/ -- Expedia, Inc., (NASDAQ: EXPE) and HomeAway, Inc., (NASDAQ: AWAY) announced today that they have entered into a … HomeAway could just turn out to be the gatekeeper. One specific area where HomeAway lags behind rival Airbnb is its online booking system. Expedia Inc. today announced that it has agreed to acquire the publicly traded vacation rental service HomeAway and its brands (including VRBO.com) for $3.9 billion in cash and Expedia … They continue to grow their numbers to attract listings from as many vacation rentals as possible. BELLEVUE, Wash., Dec. 15, 2015 -- Expedia, Inc. (NASDAQ: EXPE) announced today it has completed its acquisition of HomeAway, Inc., including all of … • Acquisition de nouveaux comptes (moy. BELLEVUE, Wash., Dec. 15, 2015 /PRNewswire/ -- Expedia, Inc. (NASDAQ: EXPE) announced today it has completed its acquisition of HomeAway, Inc., including all of its brands. Plus, you can get on-the-go minute-by-minute itinerary details for your entire vacation trip. "We are thrilled to enter the fast-growing, ~$100 billion alternative accommodations space with HomeAway® on our side," said Dara Khosrowshahi, Chief Executive Officer, Expedia, Inc. It operates as a subsidiary of Expedia as of December 14, 2015. C’est d’ailleurs ce que reflètent bon nombre de commentaires faisant suite à l’acquisition de HomeAway par Expedia la semaine dernière pour 3,9 Milliards de dollars (env. Expedia Inc. CEO Dara Khosrowshahi told skift.com that his company’s acquisition of HomeAway makes good on a mistake he made when Expedia spun off TripAdvisor in 2013: He allowed Expedia’s acquisitions of vacation-rental sites such as FlipKey in the U.S. and Holiday Lettings in the UK to get away with TripAdvisor’s exit. Being public companies, they are doing something that is going to help out those that they work with on a regular basis. Expedia announced the purchase of HomeAway for $3.9B on Nov 4, 2015; the largest acquisition by the company to date and an almost 20% premium above HomeAway’s share price. The HomeAway Expedia acquisition is one of the best that both of the companies could have asked for. In the past year, Euromonitor has frequently noted that consolidation in the lodging industry is due, and after last week’s news that Hyatt and Starwood are in advanced talks over a merger, it was Expedia’s turn yesterday to announce that it has agreed to acquire HomeAway for US$3.9 billion. Search. With the announced acquisition, it is unlikely that the HomeAway-Kayak partnership will continue, and it can therefore be expected that Priceline will have to increase its focus on the holiday rental market through Booking.com. According to a HomeAway press release, the Expedia HomeAway merger was one of the biggest and best news for the entire travel industry. Expedia Group acquired HomeAway on December 15, 2015. Tujia has more than 200,000 listings, and went through a US$300 million funding at the end of July 2015. Robbins Arroyo LLP: Acquisition of HomeAway, Inc. (AWAY) by Expedia, Inc. (EXPE) May Not Be in Shareholders' Best Interests November 05, 2015 02:15 PM Eastern Standard Time HomeAway and Expedia came together to create a bigger, better platform solution for both vacationers and those that own and manage these vacation properties. So what: The deal for HomeAway is valued at roughly $3.9 billion, with Expedia exchanging $10.15 in cash and 0.2065 of a share of its own stock for each share of HomeAway. Avec cette acquisition, la plus importante dans toute l’histoire de la société, Expedia espère mieux concurrencer le leader du marché de la location d’hébergement : Airbnb. Expedia completes $3.9 billion acquisition of Airbnb competitor HomeAway. SAN FRANCISCO - Expedia is deepening its travel-company bench with a $3.9 billion purchase of vacation rental site HomeAway. Note: Intermediaries include gross bookings for all travel products. Expedia will acquire all outstanding shares of HomeAway common stock for $10.15 in cash and 0.2065 per share of Expedia common stock. Expedia is in the process of acquiring all of the outstanding shares of common stock of HomeAway through a tender offer, followed by a second-step merger that is expected to be completed Tuesday. Expedia bought HomeAway on December 15th 2015 for $3.9B via a cash and stock deal. HomeAway has acquired 16 companies of its own, including 1 in the last 5 years. It's true that executives only mentioned Airbnb once by name during their conference call today explaining the acquisition. HomeAway has also announced its intention to change its business model. Expedia, Inc. Makes Yet Another Acquisition With HomeAway The online travel giant will pay the equivalent of roughly $3.9 billion to own the do-it-yourself home rental agency. Together, Expedia and HomeAway will have a stronger, more inclusive platform for those that want to book or market their rentals. It believes HomeAway will earn about $350 million in 2018 before interest, taxes, depreciation and … Introducing enhanced country reports featuring interactive datagraphics, charts and analysis. Expedia to Acquire HomeAway for $3.9 Billion HomeAway, which focuses on vacation rentals, has recently existed largely in the shadow of Airbnb, even though their businesses are … The vacation rental company is getting bought out, allowing Expedia to enter a fast-growing market. Expedia’s interest in HomeAway is, however, not solely based on outperforming The Priceline Group. As a result of the acquisition, HomeAway shares will cease to be traded on the NASDAQ Global Market. Expedia expects HomeAway to operate somewhat autonomously. After the HomeAway acquisition, Expedia says it will offer 1.5 million accommodations for customers to choose from, which will boost sales for the entire network. 3,6 M ds d’€). It operated through 50 websites in 23 languages through which it offered rentals of cabins, condos, castles, villas, barns, and farmhouses. The most influential Megatrends set to shape the world through 2030, identified by Euromonitor International, help businesses better anticipate market developments and lead change for their industries. On November 4, 2015, the two companies... | November 5, 2015 Without being able to offer this, they’re going to have a harder time growing, especially with a competitor such as Airbnb. HomeAway will continue to be run largely as a separate entity, but the acquisition is expected to be beneficial for both companies. My money is always on Chinese clones of foreign companies, because this is how China’s government works. Its websites, which are primarily travel fare aggregators and travel metasearch engines, include CarRentals.com, Expedia.com, HomeAway, Hotels.com, Hotwire.com, Orbitz, Travelocity, trivago and Vrbo.. The company charged homeowners an annual fee of between US$349 and US$999, but did not receive any further income per booking. Earlier this month Expedia (NASDAQ: EXPE) announced it would purchase the publicly listed Airbnb rival HomeAway (NASDAQ: AWAY) for $3.9 billion – a nearly 20% premium of its stock price at the time of the announcement.. Expedia has grown to be an $18 billion company primarily through acquisitions of other travel brands. Le spécialiste du voyage en ligne a annoncé être parvenu à un accord définitif avec HomeAway, un acteur de la location de logements en ligne, en vue d’une acquisition, qui inclut l’ensemble de ses marques, pour 3,9 milliards de dollars. The transaction, which is expected to close in early 2016, has been approved unanimously by both companies’ Boards of Directors. Expedia veut trouver de nouvelles sources de revenus. Expedia has generally prioritised hotels over vacation rentals in both search results and strategy despite its prior partnership with HomeAway, but the acquisition suggests Expedia is prepared to place more emphasis on rentals than before. Source: Euromonitor International In tandem with the acquisition announcement, HomeAway revealed it will change its business model midway through 2016 and will add a booking fee for consumers. The acquisition is a clear indicator that both HomeAway, portrayed as the main competitor of Airbnb, and Expedia are concerned about the threat Airbnb is posing to their business. The backing of Expedia will put HomeAway in a much better position to push for a fully online-bookable portfolio. The latter, with brands like Priceline, Booking.com, and Kayak, registered value sales of US$50.3 billion in 2014. What we put on Tujia from homeaway.com are homes that want to tap into Chinese travellers, and then their page is translated into Chinese. 8/mois) • Rendez-vous field sales • Participation Evènements commerciaux (clients/prospects) • Participation Euro 2016 : représentation d’HomeAway au près du Grand public ( Paris : Fan ZONE, Tour Eiffel, Stade de France) - Atteinte des objectifs: 133% en 2016 / 127% en 2015 - SALES AWARD 2015 HomeAway does specialize in vacation rentals, however, whereas Airbnb is more focused on short-term leasing for properties. Posted on November 10, 2015 by Ski Silverthorne Lodge November 14, 2017 So Expedia just shelled out $3.9 billion to acquire VRBO / HomeAway. When they’re able to provide a sound app that everyone uses, while also offering a backend for vacation rental property owners and managers, they can then benefit from what they are offering to everyone in the long run. 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