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Titre | Expedia HomeAway bought $ 3.9 billion to counter Airbnb |
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Description | The job of HomeAway, vacation rentals mainly in tourist areas, is not exactly the same as Airbnb, which focuses on short term rentals, often at the place of principal residence of the owner. However, Airbnb is still largely overshadowed its rival mainly through its valuation, one of the highest for a private company, which currently prances 20 billion. HomeAway but grew up in its shadow and just published a growth of 11.6% in the third quarter to $ 130.7 million in sales, for an EBITDA up 27.2% to $ 40.2 million and net income of 10.4 million. In 2014, its turnover amounted to 446.8 million dollars (+ 28.9%) in EBITDA to 119.3 million (+ 23.4%) and net income to 13.4 million ( -24.3%). In 2014, Expedia has recorded a turnover up 21% to $ 5.8 billion for net profit up 71% to 398 million. By joining Expedia, HomeAway should win on many levels: distribution, technology and industry expertise course. Sign that the market supports this new consolidation in the tourism sector, the title of HomeAway surged almost 20% after trading following the announcement. Subject to the regulatory authorities give their approval, the transaction is expected to close during the first quarter 2016. |
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Adresse (URL) : | www.journaldunet.com | |
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Date | 2015-11-05 | |
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Hits | 1 | |
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Catégorie | Accueil > Actualité | |
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ID | 7111 | |
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