HomeToGo Sees Record Booking Revenue, On Track to Break Even This Year
Photo Caption: HomeToGo, a travel startup focused on vacation rental price comparison and software for property managers, is optimistic it will break even in 2023. Source: HomeToGo.
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At a time when other vacation rental companies that went public in special purpose acquisition company, or SPAC, deals are struggling, HomeToGo is paving its way toward profitability.
Thanks to record booking revenue ahead of this year’s summer travel, German vacation rental marketplace HomeToGo is looking at breaking even in 2023.
HomeToGo executives expressed cautious optimism in its first-quarter earnings call on Wednesday buoyed by higher average daily rates, lower cancellations and consumer appetite for travel this year.
“After outstanding 2022, we have had an excellent first quarter and high momentum and visibility for the financial year of 2023,” said Steffen Schneider, chief financial officer at HomeToGo. “For quarter one, we experienced impressive growth
