HomeAway isn’t ready to jump into the peer-to-peer rental market, but is watching Airbnb and others to see how the sector shakes out.
In a Wall Street Journal inteview, HomeAway CEO Brian Sharples says the vacation rental company may wait for all of the dust to settle before considering its options to see if any company really makes a lot of money offering peer-to-peer apartment rentals. Says Sharples:
We would rather wait and see how it all shakes out. If a company emerges and makes a lot of money, maybe we would acquire one of those businesses. Based on Airbnb’s recent $1.3 billion valuation, it’s much too expensive for us to consider.
Read full story at: http://www.tnooz.com/2011/10/17/news/are-homeaway-and-airbnb-on-a-collision-course/
