Swiss-based travel holding Hotelplan Group, the parent of vacation rental operator Interhome, today announced their 2009 results. Hoteplan recorded a turnover of CHF 1,618m (~ USD 1,537m) at a negative EBIT of CHF -21.6m (~ USD 20.5m).
Its vacation rental operations under the Interhome and Vacando brand reported CHF 212m (~ USD 201) in revenues (0% growth), that is 13% of Hotelplan’s total revenue. EBITDA was positive at CHF 4.3m (~ USD 4.1m), down 11% vs last year. While Interhome acts as a travel operator, Vacando’s business model is more similar to that of HomeAway.
Interhome 2009 results
Here is an excerpt of the press release about the performance of Interhome and Vacando:
“Positive developments are apparent from the holiday home firm Interhome and generally from increasing online sales. [...] Interhome, operating today in 27 destinations, proves to be a robust business model, highly resistant to the economic crisis. After adjustment due to exchange rate effects, the company produced a higher turnover and result than in the previous year. The number of objects was increased from 19′500 to approximately 21′000. Distribution was expanded into the source markets Croatia, India and Israel. At the same time, all call centers were moved to Prague in summer 2009. [...] Vacando, the Online Portal for the unorganized market in the area of Self-Catering is growing and the Cost per Order (CPO) is decreasing constantly”
Vacando Website
To read the full media release click here: http://www.hotelplan.com/en/media/news.aspx?nr=796#start
Tags: financial results, interhome, vacando