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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 […]
Marriott’s Homes & Villas platform to target loyalty members
Reading Time: 2 minutesWorldwide: Marriott International’s Homes & Villas home-sharing platform will not be rivalling Airbnb and other large supplier players in the global short-term rental industry, it emerged at the VRMA International Conference in New Orleans. Rather than offering out luxury properties listed on its platform to the general public, Marriott will provide its selective range of […]
San Leandro accepting registrations for rental operators
Reading Time: < 1 minuteUS: Officials in San Leandro, northern California, are accepting registrations for short-term rental operators to legalise hosted rentals. The San Leandro City Council recently approved ordinances to regulate short-term rentals in San Leandro by establishing requirements for hosted short-term rentals and banning non-hosted rentals, which are short-term rentals of homes to paid guests when a […]
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 […]
AirDNA outlines short-term rental growth in Vietnam
Reading Time: 2 minutesVietnam: According to a report released by AirDNA, discerning Vietnamese entrepreneurs are seizing the opportunities in the home-sharing sector, amid a surge in listings in the country. The vacation rental data firm found that in the last two years, the number of entire homes listed on Airbnb and HomeAway/Vrbo in Vietnam rose by 452 per […]
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 partners with mortgage lender Quicken Loans
Reading Time: 2 minutesUS: North America’s largest mortgage lender, Quicken Loans, has strategically partnered with Vrbo. The partnership will allow Quicken Loans clients to use any rental income earned through listing their vacation rentals on the Vrbo platform to be used to qualify for a conventional mortgage refinance. The program utilises both confirmed and documented rental income so […]
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 […]
City of Seattle announces January launch for short-term rental registration system
Reading Time: 2 minutesUS: The Department of Finance and Administrative Services in Seattle (FAS) has announced the city’s online registration system for short-term rentals will launch on 2 January 2019. The city of Seattle brought in new short-term rental regulations in December 2017, which impacts on short-term rental operators, rental platforms such as Airbnb and VRBO and bed […]
Nova Scotia ministers debate establishing pre-booking levy on short-term rentals
Reading Time: 2 minutesCanada: A working group has called on Nova Scotia to consider establishing a booking levy on shared economy companies such as Airbnb and VRBO. The group, set up just one year ago to review the impact of short-term rental businesses, said forcing rental business owners to pay commercial tax rates “could drive the operators out […]