HomeAway's transition to offering a pay-per-booking model, with some parallels to but not a carbon copy of Airbnb's, may be more difficult than HomeAway and investors expect.
Although jobs will be lost in the short term, hotels expect a healthy bump from the building ban and villages agree a more sustainable form of tourism will have room to grow.
The surge in vacation home sales in key resort communities bodes well for vacation rental companies such as HomeAway as buyers often purchase their homes as investments or at least rent them out for part of the year.
Trulia's examination of both real estate prices and search habits based on a person's primary residence offers excellent insight into the spending habits and travel intent of Americans' domestic vacation habits.
Considering the high rate of home ownership in Italy, the situation is not as dire as it may seem, and definitely as dire as years of political apathy and corruption would lead one to believe the situation could be.
Alessandra Migliaccio, Chiara Vasarri, and Dalia Fahmy |
Vacation rentals aren't much of a bother to the hotel industry at this juncture and won't be for awhile unless the pace of online booking quickens dramatically.
HomeAway has become the largest vacation rental site in the world by charging subscription fees for listings. Owners will still have that option, but the new pay-per-booking model could really take off.