HomeToGo Still Waits on Vacation Rental Acquisitions for Elusive Profits

German vacation rental marketplace HomeToGo’s focus on repeat demand, gaining a stronghold outside its core market (Germany, Austria and Switzerland) and increasing its onsite booking rate is how its sees a path to profitability.

In an earnings report out on Thursday, the Berlin-based company, listed on the Frankfurt Stock Exchange, posted a loss (adjusted earnings before interest, taxes, depreciation and amortization) of  €20 million ($21.8 million), which was near the top of the guidance range and ahead of the initial outlook for the financial year 2022. Its booking revenues were up 32 percent for the year ending in 2022 at €163.7 million ($178 million). In January this year, the company said it was on track to break even in 2023, buoyed by the optimism of a much greater backlog of bookings at the beginning of 2023 than the previous y