Industry NewsTechnology

Vacation rental website operator boosts listings by 22%

HomeAway reports $61M Q3 revenue

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Global vacation rental website operator HomeAway Inc. reports it boosted third-quarter revenue by nearly 37 percent from a year ago to $61.1 million. The Austin, Texas-based company said paid listings grew 22 percent from a year ago, to 626,528.The company launched "pay-for-performance" pricing on HomeAway.com, enabling customers to pay more to rank higher in search results. The tiered pricing is expected to boost average revenue per listing, which was up 6.7 percent from a year ago to $335.Net income totaled $2.7 million, but the company posted a $4.1 million net loss for the quarter after recognizing a $6.8 million hit to the bottom line from preferred stock dividends and discount accretion. HomeAway no longer has any preferred stock outstanding.HomeAway's U.S. websites include HomeAway.com, VRBO.com and VacationRentals.com. HomeAway.com and VRBO.com now employ a Reservation Manager that helps property owners and managers streamline inquiries and payments and accept c...