Two online travel leaders, HomeAway, Inc. and Expedia.com, today announced an agreement intended to expand online travel accommodation options by surfacing HomeAway vacation rental properties on Expedia.com.
HomeAway has updated its iOS travel app for the iPhone and iPod Touch with enhanced features for travelers, as well as new functionality for vacation rental owners and property managers to manage their properties on the go.
It’s being circulated in the New York Times and Techcrunch that Google Ventures has purchased $25M in shares of HomeAway from existing shareholders at a reported valuation of $1.4B. Techcrunch speculates that the company is seeing revenue of $200M and putting a healthy $70M per year to the bottom line. That would be a price to earnings ratio of 20, which is slightly lower than the average of 21 of the S&P 500 (someone should check my Wall St. math on this).