Articles tagged “hometogo”

Google announced it will shut Book on Google for flights for users outside the U.S. at the end of September, and told Skift it will likewise end the feature in…

HomeToGo is among a bevy of newly public companies that vow to get to a semblance of profitability in 2023. They are tired of seeing their share prices pummeled.

Airbnb disrupted vacation rentals. Will short-term rentals take a chunk out of the hotel business? History shows that's a distinct probability.

Other than at exception-to-the-rule Google, metasearch has been on a downward spiral in vacation rentals for years. HomeToGo is turning itself into a series of booking sites instead, which just might work in that holiday home sector.

Sonder's delayed stock market debut came to be, finally. Now with a $310 million injection of proceeds from private investors, and tapping into a $165 million credit line, the company can go about its business trying to build the next household name hospitality brand.

Stock markets, at their best, can be hype killers, and public investors shot down many inflated private company valuations in 2021. This may be a sobering development for IPO and SPAC wannabes in 2022.

Several travel-oriented, special purpose acquisition companies are out there that have not announced merger partners. A SPAC glut and the lackluster performance of several online travel or short-term rental companies that recently went public could have some of the hunters coming up empty.

HomeToGo has been outracing rivals and disproving doubters. The metasearch brand runs operations efficiently. For example, it offers a subscription model to property managers who list with it, and that model appears to be more consistently profitable than charging traditional pure commissions.

So far this year, a dozen travel companies went public or made plans to do so. A couple of them may shine. But the odds are stacked against this year's IPOs, on average, over the long term. Find out why.

HomeToGo's move to go public is a validation of the booming vacation rental sector. It's also a rare accomplishment for a German-based startup. Europe had been playing a catchup game with Silicon Valley, but no longer.