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Oxford Economics releases housing affordability crisis report
Reading Time: 2 minutesUS: Research firm Oxford Economics has released its latest in-depth report highlighting the extent to which short-term rentals are leading to the housing affordability crisis facing American communities. The deep dive analysis covered more than 2,500 counties over a four-year period leading up to 2018 and included model extensions on urban areas and vacation destination […]
Jeff Hurst replaces John Kim as head of Vrbo unit
Reading Time: 2 minutesUS: Jeff Hurst has replaced John Kim as senior vice president and general manager of Expedia Group’s vacation rental unit Vrbo. Other changes in the restructuring of Expedia Group’s senior leadership team include Cyril Ranque taking over the role of president of the company’s Travel Partners Group, and Sarah Gavin becoming vice president of Expedia […]
Expedia Group reports revenue growth decline in Vrbo division
Reading Time: 2 minutesUS: Expedia Group has reported a decline in revenue growth within its vacation rental business, Vrbo, in the third quarter of 2019, leading the way to a lower profit margin for the year. Expedia’s Washington-based short-term rental unit, Bellevue, reported revenue growth of 14 per cent to $467 million in the three months leading up […]
Expedia Group acquires CanadaStays marketplace
Reading Time: 2 minutesCanada: Expedia Group has completed its acquisition of Canada-based vacation rental marketplace CanadaStays, having already held a strategic partnership together since 2015. Though the full terms of the deal have not been announced, Expedia Group revealed it had purchased the shares of the company in full that it did not already own. Subsequently, CanadaStays, which […]
Expedia confirms vacation rental revenue growth
Reading Time: < 1 minuteWorldwide: Expedia Group has revealed its vacation rental business reported a boost to its revenue growth following the rebranding of its Bellevue unit, according to Bloomberg. Bellevue, based in Washington, reported a 17 per cent growth in revenue to $3.15 billion in the three-month period leading up to 30 June. The confirmation marked growing confidence […]
Expedia’s HomeAway segment re-branded to Vrbo
Reading Time: 3 minutesWorldwide: Expedia Group has revealed its HomeAway segment, which includes Vrbo, HomeAway and regional rental brands, is being re-branded to Vrbo in its first quarter earnings report. The update comes at a time of slowing growth in reservations in Expedia Group’s alternative accommodation business, seen by the deceleration in gross bookings from 15 per cent […]
Vrbo undergoes brand and website makeover
Reading Time: 2 minutesTexas: Online vacation rentals pioneer Vrbo has undergone a website makeover and revealed a new way to say its name. The changes are a reflection of Expedia Group’s commitment to Vrbo (the acronym for Vacation Rentals by Owner), the vacation rental business and the customers it serves, such as families and friends who want to […]
HomeAway launches virtual reality 360-degree tour product for travellers
Reading Time: 2 minutesWorldwide: HomeAway has launched a proprietary product for travellers which displays virtual 360-degree tours of vacation homes on HomeAway and VRBO. Such a move is unique in the vacation rental industry as the product provides tours ranging from “DIY” tours filmed on personal phones and cameras to professionally-captured footage from leading companies like InsideMaps and […]