About HomeAway (adapted from HomeAway prospectus):
HomeAway operates the world's largest online marketplace for the vacation rental industry. Vacation rentals are fully furnished, privately owned residential properties, including homes, condominiums, villas and cabins, that can be rented on a nightly, weekly or monthly basis. HomeAway brings together millions of travelers seeking vacation rentals online with hundreds of thousands of owners and managers of vacation rental properties located in over 145 countries around the world. According to comScore's March 2011 Media Metrix Media Trend Report, in 2010, HomeAway websites attracted over 220 million website visits and averaged over 9.5 million unique monthly visitors. As of March 31, 2011, their global marketplace included more than 560,000 paid listings of vacation rentals.
Web visitors visit the HomeAway marketplace at no charge and are able to search and compare a large and detailed inventory of paid listings to find vacation rentals meeting their requirements. Property owners and managers pay annual listing fees to provide detailed listings of their properties on the HomeAway marketplace and reach a large audience of travelers seeking vacation rentals. HomeAway also provides property owners and managers with a range of paid and free software tools designed to help make the management of their vacation rental listings easier and more efficient.
HomeAway aspires to make vacation rentals as well-known, reliable and easy to use as hotels and to be an indispensable partner to property owners and managers around the world. HomeAway also intends to bring in other areas of the global lodging industry that are highly fragmented, as they did with their 2010 entry into the bed and breakfast market.
HomeAway's commercial launch was in 2005. In 2010 and in the three months ended March 31, 2011, HomeAway generated revenue of $167.9 million and $52.0 million, respectively, representing year-over-year growth of 39.6% and 43.9%, respectively. In 2010, 37.9% of their revenue came from outside the United States, including 36.6% from Europe and 1.3% from Latin America. In 2010 and in the three months ended March 31, 2011, listings contributed 91.1% and 86.9% of their revenue, respectively. In the same periods, they generated Adjusted EBITDA of $43.2 million This description is adapted from HomeAway prospectus. This description is not intended to be a recommendation to buy stock from this company. To see the company's full description, view their prospectus..