Singapore
VACATION-rental giant HomeAway is leveraging technology and its parent company Expedia to create a better user experience for travellers and home-owners.
The 11-year-old, US-based company lists more than 1.2 million properties on its online platform, available for use as short-term vacation accommodation.
A recent study by Research & Markets estimates that the vacation-rental industry will hit US$169.7 billion by 2019.
HomeAway, eyeing that, has set itself a target: By 2018, it hopes to grow its earnings before interest, tax, depreciation and amortisation (ebitda) to US$350 million, up from last year's US$125 million.
To help it get there, it will be integrated into the Expedia website,...