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, 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, and and now employ a Reservation Manager that helps property owners and managers streamline inquiries and payments and accept c...