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HomeAway banks on technology to enhance operations

Vacation-rental player to improve website and tap parent Expedia's user base and tech capabilities

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,...

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