In the world of Vacation Rentals, there are sometimes too many numbers and trends to search through to find the value. In these cases, large companies tend to excel and HomeAway is no different. In a recent purchase, for a yet defined amount, HomeAway is purchasing the majority of travelmob, an online startup with vacation properties in Asia Pacific. While this may seem like an odd move, HomeAway backs it with strong numbers, reporting that "over 100 million people will enter the Asian middle class each of the next several years, and Asia will have an increasing influence over the world's economic growth" as told by Brian Sharples, chief executive officer of HomeAway.
Additionally,this is not the first move HomeAway has made in this region, acquiring several other companies in the Asia of the past 2 years. "We are excited to join HomeAway as the vacation rental industry develops in Asia. We see an increasing trend of Asian travelers expressing a preference for authentic experiences and the quality and value afforded by our range of properties," says Fuad. "Our focus at travelmob is to enable travelers to experience Asia like a local, staying at the cool places throughout this vast region. In our first year alone, our inventory has grown to more than 14,000 properties to support this growing demand."