Monday, May 16, 2011
Vacation rental plans
Google Ventures enters the growing vacation rental market through its recent investment in HomeAway Group Inc, parent company of homeaway.es . Google's investment was made through the purchase of shares to existing shareholders of the company.
HomeAway, Inc. is the leader in vacation rentals on the Internet, operating with 11 portals by adding different European countries, the leading portal for holiday rental in the U.S. and Brazil. The portals provide a global network HomeAway vacation rentals that connects owners of accommodation, property managers and travelers from around the world.
Today, more than 540,000 HomeAway shows accommodation for holiday rentals in over 120 countries around the world. Looking at the results, the company has experienced 45% growth in revenues, reaching $ 120 million in 2009.
Thereafter, with the help of Google, the company will focus on, among other things, new technological developments to optimize your web pages and simplify the booking process.
Explains Brian Sharples, CEO and founder of HomeAway, Inc. "The company is now at a stage where we want to focus our resources on optimizing the usability of our sites and set new standards in the vacation rental industry. We feel very positive with the new relationship with Google, which will greatly help us meet this goal. "
HomeAway will also benefit from Google's extensive experience in the acquisition and integration of start-ups when you start to expand into new markets such as Asia and Australia.