Archives for posts with tag: Interhome

Though Tripping, a one-time social travel site, has begun to make a name for itself in metasearch for vacation rentals, the start-up has bigger ambitions.Tripping vacation rental

Now it will get a boost with the help of venture capital.

Tripping revealed via a Facebook post last night that it has received a Series A round of financing. The round closed on May 9.

A source told Business Insider that the round was more than $5 million, though the start-up would not confirm the sum.

Tripping, which launched in 2010 [see our TLabs profile], said the investment was co-led by an existing investor, Quest Venture Partners, and a new one, Recruit Holdings.

The later investment was by the RGIP Fund, whose existence Recruit Holdings revealed today. It’s a 4.5 billion yen venture capital fund in Japan.

RGIP says it plans to make additional investments in other travel companies to add to its existing ones in Jalan (one of Japan’s largest travel websites), PegiPegi (Indonesia), Mytour.vn (Vietnam), and TravelBook.ph (Philippines).

A number of other new investors, including former Expedia CEO Erik Blachford, Qunar founder Fritz Demopoulos, and NFL athlete Shawntae Spencer, also participated.

Succesful pivot

Tripping has 16 suppliers, such as HomeAway, HouseTrip, Flipkey, Interhome, and Booking.com, and it says this coverage gives its users access to 1 million properties worldwide.

CEO and founder Jen O’Neal said in an interview that the company has a queue of about 40 suppliers that it wants to add to the system.

“There are a ton of regional players in holiday home and short-term rental that don’t have the resources to get distribution visibility, and we’d love to send traffic to them and also deepen our global coverage.”

Until last month, Tripping was a five-person team, though it has now added three more staffers to its offices at 111 New Montgomery in San Francisco.
O’Neal also plans to use the funding to boost marketing spend, to drive more traffic to the site. She says that, up until now, the company hasn’t done more than $1,000-a-month worth of marketing.

She declined to share her company’s traffic or revenue numbers.

Founder’s story

Tripping launched in 2010 as a social travel site connecting local hosts with travelers, a la Couchsurfing. It gained users in 150 countries within 30 days, but it never found a viable revenue model.

O’Neal decided to take her team to Lake Tahoe for an off-site brainstorming session. They tried to rent a place on Airbnb or VRBO. But the research phase was so painful that they gave up and opted for camping in Big Sur instead.

As O’Neal tells it, around a campfire, they realized that bringing the aggregator model to vacation rentals was a potential opportunity. Within 30 days they launched that as their new business plan.
In 2011, they received a seed funding round of $1 million, in a round that included Launch Capital and Tim Draper of DFJ Venture.

This month’s funding comes on the heels of Booking.com’s launch last week of Villas.com, a standalone brand in the market.

O’Neal says that the deepening market work by global brands has a halo effect for the vacation rental industry by helping to build consumer confidence in the concept, which boosts transactions for smaller players indirectly.

Now the big dream for Tripping is to scale. It estimates that the vacation rental market is $85 billion in the USA and Europe alone. Says O’Neal:
“The vacation rental industry is at least 10 years behind the hotel industry when it comes to online distribution.

It still takes an average of nine days to complete the typical vacation rental transaction, outside of metasearch. As one of our interns pointed out, we put a man on the moon in only eight days back in 1969.”

Source: : http://www.tnooz.com

Tripping, the world’s largest search engine for vacation rentals, just announced a partnership with leading European provider Interhome (it’s not the sole!)

The deal will make Interhome’s 33,000 vacation properties immediately available on Tripping.

The addition of Interhome is a boost for the already massive vacation rental platform, which hosts over 1 million listings across 50,000 cities worldwide.

Tripping currently aggregates properties from major rental sites including Homeaway, Flipkey, Wimdu, Housetrip…

Founded in 1965, Switzerland-based Interhome is the operator of 15 regional subsidiaries and is one of Europe’s premier providers of professionally managed vacation rentals worldwide, with a concentration of listings in France, Italy, Spain and Switzerland.

“Partnering with Interhome allows us to expand the properties offered on Tripping, particularly within the growing European market,” said Tripping CEO Jen O’Neal. “Travelers now have thousands of beautiful new properties to stay in, all from a trusted source with decades of industry experience.”

Interhome COO, Jörg Herrmann said the deal will greatly expand its global reach.

“We’re excited to start distributing our listings on Tripping. Our properties will have greater visibility on an international platform, which is a good thing for travelers and hosts alike,” he said.

“By joining forces with the leading aggregator in the vacation rentals space, we’ll also be able to heighten Interhome’s global brand and remain competitive both in Europe and overseas.”

About Tripping

Tripping is a metasearch site for vacation homes and short-term rentals offering over 1 million rentals across 50,000 cities worldwide.

Travelers can use Tripping to easily compare the world’s best home rentals by price, reviews, ratings and location. Based in San Francisco, the company was founded by tech industry veterans from Expedia, Travelzoo and StubHub. You can search, compare and save on your ideal home rental at http://www.tripping.com.

HomeAway, the world’s leading online marketplace for vacation rentals, welcomes Simon Lehmann, chief executive officer of Biketec AG and former Interhome AG CEO, to its board of directors.

Simon Lehmann

Prior to joining Biketec earlier this year, Lehmann spent eight years as CEO of Zurich-based Interhome, a subsidiary of the Hotelplan Travel Group. Under his guidance, Interhome became a leading vacation rental company in Europe and Lehmann himself achieved acclaim as Europe’s foremost online vacation rental expert.

“We believe Simon’s work to develop Interhome’s internet presence and the professionally managed vacation rental market in Europe will bring a new and significant perspective to our business,” says Brian Sharples, HomeAway(R) CEO and chairman of the board.

During his time at Interhome, Lehmann also held other executive posts within the Hotelplan Travel Group including Deputy CEO and Head of Travel Related & Online Services, where he was responsible for Hotelplan’s online travel agency subsidiary, Travelwindow.ch.

“I’m delighted to join HomeAway’s board and look forward to shaping how we deliver the wonderful experience of staying in a holiday rental to families and groups around the world,” says Lehmann.

Lehmann replaces Robert Solomon, who has served as a member of HomeAway’s board of directors since January 2009. Solomon served as chief operating officer and president of Groupon, Inc., from March 2010 through March 2011 and was previously a venture partner with TCV.

Since its debut on the NASDAQ (AWAY) in June 2011, the makeup of HomeAway’s board of directors has transitioned from primarily investors to strategic advisors, including ZipRealty CEO Lanny Baker, former BabyCenter CEO and current Sherpa Foundry CEO Tina Sharkey, former Expedia president Simon Breakwell and Southwest Airlines CMO Kevin Crone.

HomeAway also operates BedandBreakfast.com, the most comprehensive global site for finding bed-and-breakfast properties, providing travelers with another source for unique lodging alternatives to chain hotels.

source: homeaway

Interhome

Interhome reconfirmed its leading role in the European vacation accommodation sector yesterday by co-founding the new European Holiday Home Association (EHHA) in Aachen, Germany.

The new umbrella organization for the continent’s vacation home industry was formally established by Interhome and its fellow European market leaders Novasol, Hoseasons and DanCenter. The EHHA is intended to provide this booming sector with better international links and enhance the industry’s lobbying clout and activities.

The holiday home market has evolved into a major component of Europe’s tourist industry. According to a study by market researchers PhocusWright, some 42 million Europeans have spent a night in a vacation home in the last two years.
The continent now offers over 20 million holiday home beds, which generate more than EUR 20 billion in revenues every year. And it is figures such as these, together with the sector’s vast further growth potential, that have prompted Europe’s four leading providers of vacation accommodation – Interhome, Novasol, Hoseasons and DanCenter – to found the new European Holiday Home Association, or EHHA.

The EHHA was formally established in Aachen (Germany). Its first Secretary General is Carlos Villaro Lassen, the CEO of Denmark’s national holiday home association. “The vacation home rental business creates thousands of jobs in many European countries and adds immense value for the tourist, restaurant and retail sectors,” Lassen pointed out in his acceptance speech. “And with our new European Holiday Home Association, we aim to keep our continent’s politicians even more mindful of its massive economic significance.”

Interhome CEO Simon Lehmann is equally convinced of the importance of better organizing and anchoring the holiday home sector on a pan-European scale. “I believe that the EHHA is just the right platform to achieve these objectives within a reasonable timeframe,” he confirms. “And we at Interhome will be playing our full part, too, in developing our new umbrella association into an effective advocate of our industry’s interests and concerns.”

Source : http://www.etravelblackboardasia.com/