Click here to close now.




















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
In their session at 17th Cloud Expo, Hal Schwartz, CEO of Secure Infrastructure & Services (SIAS), and Chuck Paolillo, CTO of Secure Infrastructure & Services (SIAS), provide a study of cloud adoption trends and the power and flexibility of IBM Power and Pureflex cloud solutions. In his role as CEO of Secure Infrastructure & Services (SIAS), Hal Schwartz provides leadership and direction for the company.
There are many considerations when moving applications from on-premise to cloud. It is critical to understand the benefits and also challenges of this migration. A successful migration will result in lower Total Cost of Ownership, yet offer the same or higher level of robustness. In his session at 15th Cloud Expo, Michael Meiner, an Engineering Director at Oracle, Corporation, analyzed a range of cloud offerings (IaaS, PaaS, SaaS) and discussed the benefits/challenges of migrating to each offe...
SYS-CON Events announced today that the "Second Containers & Microservices Expo" will take place November 3-5, 2015, at the Santa Clara Convention Center in Santa Clara, CA. Containers and microservices have become topics of intense interest throughout the cloud developer and enterprise IT communities.
As organizations shift towards IT-as-a-service models, the need for managing and protecting data residing across physical, virtual, and now cloud environments grows with it. CommVault can ensure protection and E-Discovery of your data – whether in a private cloud, a Service Provider delivered public cloud, or a hybrid cloud environment – across the heterogeneous enterprise. In his session at 17th Cloud Expo, Randy De Meno, Chief Technologist - Windows Products and Microsoft Partnerships at Com...
The Software Defined Data Center (SDDC), which enables organizations to seamlessly run in a hybrid cloud model (public + private cloud), is here to stay. IDC estimates that the software-defined networking market will be valued at $3.7 billion by 2016. Security is a key component and benefit of the SDDC, and offers an opportunity to build security 'from the ground up' and weave it into the environment from day one. In his session at 16th Cloud Expo, Reuven Harrison, CTO and Co-Founder of Tufin,...
Scrum Alliance has announced the release of its 2015 State of Scrum Report. Almost 5,000 individuals and companies worldwide participated in this year's survey. Most organizations in the market today are still leading and managing under an Industrial Age model. Not only is the speed of change growing exponentially, Agile and Scrum frameworks are showing companies how to draw on the full talents and capabilities of those doing the work in order to continue innovating for success.
SYS-CON Events announced today that MobiDev, a software development company, will exhibit at the 17th International Cloud Expo®, which will take place November 3–5, 2015, at the Santa Clara Convention Center in Santa Clara, CA. MobiDev is a software development company with representative offices in Atlanta (US), Sheffield (UK) and Würzburg (Germany); and development centers in Ukraine. Since 2009 it has grown from a small group of passionate engineers and business managers to a full-scale mobi...
Between the compelling mockups and specs produced by your analysts and designers, and the resulting application built by your developers, there is a gulf where projects fail, costs spiral out of control, and applications fall short of requirements. In his session at @DevOpsSummit, Charles Kendrick, CTO and Chief Architect at Isomorphic Software, presented a new approach where business and development users collaborate – each using tools appropriate to their goals and expertise – to build mocku...
Container technology is sending shock waves through the world of cloud computing. Heralded as the 'next big thing,' containers provide software owners a consistent way to package their software and dependencies while infrastructure operators benefit from a standard way to deploy and run them. Containers present new challenges for tracking usage due to their dynamic nature. They can also be deployed to bare metal, virtual machines and various cloud platforms. How do software owners track the usag...
SYS-CON Events announced today that VividCortex, the monitoring solution for the modern data system, will exhibit at the 17th International Cloud Expo®, which will take place on November 3–5, 2015, at the Santa Clara Convention Center in Santa Clara, CA. The database is the heart of most applications, but it’s also the part that’s hardest to scale, monitor, and optimize even as it’s growing 50% year over year. VividCortex is the first unified suite of database monitoring tools specifically desi...
Graylog, Inc., has added the capability to collect, centralize and analyze application container logs from within Docker. The Graylog logging driver for Docker addresses the challenges of extracting intelligence from within Docker containers, where most workloads are dynamic and log data is not persisted or stored. Using Graylog, DevOps and IT Ops teams can pinpoint the root cause of problems to deliver new applications faster and minimize downtime.
As Marc Andreessen says software is eating the world. Everything is rapidly moving toward being software-defined – from our phones and cars through our washing machines to the datacenter. However, there are larger challenges when implementing software defined on a larger scale - when building software defined infrastructure. In his session at 16th Cloud Expo, Boyan Ivanov, CEO of StorPool, provided some practical insights on what, how and why when implementing "software-defined" in the datacent...
Learn how you can use the CoSN SEND II Decision Tree for Education Technology to make sure that your K–12 technology initiatives create a more engaging learning experience that empowers students, teachers, and administrators alike.
Mobile, social, Big Data, and cloud have fundamentally changed the way we live. “Anytime, anywhere” access to data and information is no longer a luxury; it’s a requirement, in both our personal and professional lives. For IT organizations, this means pressure has never been greater to deliver meaningful services to the business and customers.
In a recent research, analyst firm IDC found that the average cost of a critical application failure is $500,000 to $1 million per hour and the average total cost of unplanned application downtime is $1.25 billion to $2.5 billion per year for Fortune 1000 companies. In addition to the findings on the cost of the downtime, the research also highlighted best practices for development, testing, application support, infrastructure, and operations teams.