Welcome!

News Feed Item

Dublin-Based Global Lodging Aggregator Homestay.com Secures US$3 Million in Funding, Acquires Berlin-Based HomestayBooking

Moves Show Continued Growth, Maturation of the Hosted Travel Experience Lodging Model

DUBLIN, IRELAND -- (Marketwired) -- 06/10/14 -- Dublin-based Homestay.com has secured US$3 million funding, led by the venture capital firm Delta Partners and supported by Enterprise Ireland, and has acquired Berlin-based entity HomestayBooking, the company announced today. The moves help expand and accelerate the global footprint of Homestay.com as the US$13 billion private accommodation marketplace continues to grow and begins to segment. The acquisition puts Homestay.com in a leadership role in the rapidly developing hosted lodging segment.

The funding and acquisition will allow Homestay.com to create a single destination online where guests and hosts looking to share experiences can find each other. As the market continues to segment and competition for lodging options grows, homeowners with rooms to rent are looking for a place where they can be more easily discovered, grow their community and stand out. Homestay.com offers hosts all of these opportunities.

The acquisition of HomestayBooking will make it even easier for guests to find the right homestay experience for their needs. HomestayBooking is one of a small number of private accommodation aggregators focused specifically on the host-is-present model. Launched in 2007, its global marketplace includes listings in more than 30 countries, 70,000 guest accounts and support for five languages.

The acquisition brings the total number of worldwide host listings on Homestay.com to more than 25,000. Already seeing 100% month-on-month increases before today's news, HomestayBooking's acquisition further doubles Homestay.com's booking volume rate growth.

Homestay.com, recently recognized by PhoCusWright as a travel innovator, expects to complete the technical integration of the listings within six months. Terms of the deal were not disclosed.

"With this acquisition and funding, Homestay.com is positioned to become the leading hosted travel experience marketplace on the Internet, and the homestay travel experience is officially on the radar of experiential travelers worldwide," said Alan Clarke, CEO of Homestay.com. "These developments will support the growth of new listings and the community building efforts that will help our hosts succeed, and our guests discover and share their incredible new hosted lodging experiences. The recent moves in the industry to consolidate and specialize their accommodation brands speaks to a more sophisticated traveler looking for a personalized, local experience that can't be met by the typical hotel -- even one with a good concierge. Homestay.com's hosts can offer that."

"I am excited by the new opportunities for our homestay hosts and guests to connect globally by being part of Homestay.com," said HomestayBooking founder Olaf Börner.

The funding will allow the development of new products and services targeting the growing community of travelers seeking host-is-present accommodation options, including additional language support, new applications, mobile device integration and other services that will help hosts better reach savvy travelers.

For travelers, the acquisition and funding means more choices, better accommodation options, more opportunity to create a truly personalized experience, and the opportunity to connect not only with great hosts, but other, like-minded travelers.

For hosts, the news means another step toward a unified marketplace for host-present accommodation listings. Homestays are an increasingly popular alternative lodging option for event planners as well, and Homestay.com offers tools and services to help hosts, property owners and event planners manage accommodation options.

Homestay.com's host-present lodging option enhances the travel experience through the hospitality and local knowledge of the host. Homestay.com matches guests searching for accommodations with hosts who want to rent a room on a nightly, weekly or monthly basis. It also offers a platform for managing and creating one off host networks, opening up new ways for property owners, aggregators and event managers to reach and serve potential guests.

Hostelworld.com co-founder Tom Kennedy and Debbie Flynn, director and founder of Irish Education Partners began development of Homestay.com in early 2012, and the company launched as a public beta in July 2013.

About Homestay.com
Homestay.com, named one of Europe's top three travel innovators by PhoCusWright, is a Dublin-based firm pioneering new ways to enjoy experiential accommodation choices through a "hosted travel experience" homestay model. Homestay.com is a limited company and has raised venture capital funding through Delta Partners Ltd. The company also provides the Homestay Manager software to Homestay agencies and host families worldwide. Homestay.com chairman is Paddy Holahan, the founder and CEO of Newbay. CEO is Alan Clarke, previously of PaddyPower.com.

More Stories By Marketwired .

Copyright © 2009 Marketwired. All rights reserved. All the news releases provided by Marketwired are copyrighted. Any forms of copying other than an individual user's personal reference without express written permission is prohibited. Further distribution of these materials is strictly forbidden, including but not limited to, posting, emailing, faxing, archiving in a public database, redistributing via a computer network or in a printed form.

Latest Stories
CenturyLink has announced that application server solutions from GENBAND are now available as part of CenturyLink’s Networx contracts. The General Services Administration (GSA)’s Networx program includes the largest telecommunications contract vehicles ever awarded by the federal government. CenturyLink recently secured an extension through spring 2020 of its offerings available to federal government agencies via GSA’s Networx Universal and Enterprise contracts. GENBAND’s EXPERiUS™ Application...
“Being the one true cloud-agnostic and storage-agnostic software solution, more and more customers are coming to Commvault and saying ' What do you recommend? What's your best practice for implementing cloud?” explained Randy De Meno, Chief Technologist at Commvault, in this SYS-CON.tv interview at 18th Cloud Expo, held June 7-9, 2016, at the Javits Center in New York City, NY.
Security, data privacy, reliability and regulatory compliance are critical factors when evaluating whether to move business applications from in-house client hosted environments to a cloud platform. In her session at 18th Cloud Expo, Vandana Viswanathan, Associate Director at Cognizant, In this session, will provide an orientation to the five stages required to implement a cloud hosted solution validation strategy.
As companies gain momentum, the need to maintain high quality products can outstrip their development team’s bandwidth for QA. Building out a large QA team (whether in-house or outsourced) can slow down development and significantly increases costs. This eBook takes QA profiles from 5 companies who successfully scaled up production without building a large QA team and includes: What to consider when choosing CI/CD tools How culture and communication can make or break implementation
IoT generates lots of temporal data. But how do you unlock its value? You need to discover patterns that are repeatable in vast quantities of data, understand their meaning, and implement scalable monitoring across multiple data streams in order to monetize the discoveries and insights. Motif discovery and deep learning platforms are emerging to visualize sensor data, to search for patterns and to build application that can monitor real time streams efficiently. In his session at @ThingsExpo, ...
UpGuard has become a member of the Center for Internet Security (CIS), and will continue to help businesses expand visibility into their cyber risk by providing hardening benchmarks to all customers. By incorporating these benchmarks, UpGuard's CSTAR solution builds on its lead in providing the most complete assessment of both internal and external cyber risk. CIS benchmarks are a widely accepted set of hardening guidelines that have been publicly available for years. Numerous solutions exist t...
"There's a growing demand from users for things to be faster. When you think about all the transactions or interactions users will have with your product and everything that is between those transactions and interactions - what drives us at Catchpoint Systems is the idea to measure that and to analyze it," explained Leo Vasiliou, Director of Web Performance Engineering at Catchpoint Systems, in this SYS-CON.tv interview at 18th Cloud Expo, held June 7-9, 2016, at the Javits Center in New York Ci...
Verizon Communications Inc. (NYSE, Nasdaq: VZ) and Yahoo! Inc. (Nasdaq: YHOO) have entered into a definitive agreement under which Verizon will acquire Yahoo's operating business for approximately $4.83 billion in cash, subject to customary closing adjustments. Yahoo informs, connects and entertains a global audience of more than 1 billion monthly active users** -- including 600 million monthly active mobile users*** through its search, communications and digital content products. Yahoo also co...
"Tintri was started in 2008 with the express purpose of building a storage appliance that is ideal for virtualized environments. We support a lot of different hypervisor platforms from VMware to OpenStack to Hyper-V," explained Dan Florea, Director of Product Management at Tintri, in this SYS-CON.tv interview at 18th Cloud Expo, held June 7-9, 2016, at the Javits Center in New York City, NY.
The best-practices for building IoT applications with Go Code that attendees can use to build their own IoT applications. In his session at @ThingsExpo, Indraneel Mitra, Senior Solutions Architect & Technology Evangelist at Cognizant, provided valuable information and resources for both novice and experienced developers on how to get started with IoT and Golang in a day. He also provided information on how to use Intel Arduino Kit, Go Robotics API and AWS IoT stack to build an application tha...
Cloud analytics is dramatically altering business intelligence. Some businesses will capitalize on these promising new technologies and gain key insights that’ll help them gain competitive advantage. And others won’t. Whether you’re a business leader, an IT manager, or an analyst, we want to help you and the people you need to influence with a free copy of “Cloud Analytics for Dummies,” the essential guide to this explosive new space for business intelligence.
SYS-CON Events announced today that LeaseWeb USA, a cloud Infrastructure-as-a-Service (IaaS) provider, will exhibit at the 19th International Cloud Expo, which will take place on November 1–3, 2016, at the Santa Clara Convention Center in Santa Clara, CA. LeaseWeb is one of the world's largest hosting brands. The company helps customers define, develop and deploy IT infrastructure tailored to their exact business needs, by combining various kinds cloud solutions.
"We're bringing out a new application monitoring system to the DevOps space. It manages large enterprise applications that are distributed throughout a node in many enterprises and we manage them as one collective," explained Kevin Barnes, President of eCube Systems, in this SYS-CON.tv interview at DevOps at 18th Cloud Expo, held June 7-9, 2016, at the Javits Center in New York City, NY.
Aspose.Total for .NET is the most complete package of all file format APIs for .NET as offered by Aspose. It empowers developers to create, edit, render, print and convert between a wide range of popular document formats within any .NET, C#, ASP.NET and VB.NET applications. Aspose compiles all .NET APIs on a daily basis to ensure that it contains the most up to date versions of each of Aspose .NET APIs. If a new .NET API or a new version of existing APIs is released during the subscription peri...
Whether your IoT service is connecting cars, homes, appliances, wearable, cameras or other devices, one question hangs in the balance – how do you actually make money from this service? The ability to turn your IoT service into profit requires the ability to create a monetization strategy that is flexible, scalable and working for you in real-time. It must be a transparent, smoothly implemented strategy that all stakeholders – from customers to the board – will be able to understand and comprehe...