Alternative lodging grows in importance for Expedia, Priceline
Aug 31, 2016
The two largest OTAs reported substantial growth last quarter in sales of the alternative accommodations they offer, Expedia via HomeAway and Priceline through listings on Booking.com, which analysts said are becoming increasingly important parts of their portfolios.
Priceline interim CEO Jeffery Boyd and Expedia CEO Dara Khosrowshahi each discussed their company’s alternative accommodation offerings on their most recent earnings calls.
Khosrowshahi said HomeAway’s revenue grew 36% year over year in the second quarter, “and based on current trends, we expect revenue growth to accelerate in the second half of the year.”
He also said HomeAway now has more than a million online-bookable listings and that listings on the site are “growing at 20-plus percent.”
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