Edited & translated press release
Marketplaces
VACANDO, the holiday home marketplace of Hotelplan and Migros, is expanding its service offering. As a subsidiary of industry leader Interhome, VACANDO will offer to its home owners local services in more than 50 destinations throughout France, Switzerland and Spain.
Vacando to offer Interhome's owner's services
These range from cleaning, key holding and laundry service, to repair and maintenance work. (more…)
Edited Press Release
VACANDO, the Swiss-based Online Holiday Home Marketplace owned by Interhome has concluded a cooperation agreement with the Dutch operator NextPax.com. Thanks to this cooperation, VACANDO will be able to increase its offering to more than 100,000 holiday homes around the world. The available range is being greatly expanded in popular destinations such as Scandinavia and Croatia.
Nextpax Logo
In order to fulfil its role as an online holiday accommodation marketplace with the most diverse possible range of accommodation, VACANDO also offers customers holiday accommodation from established agencies like Inter Chalet, Interhome and Sol og Strand. Well-known operators like Dancenter, TUI Ferienhaus and Villa Vacant will now be added to this listed, thanks to the collaboration with NextPax.com, thus increasing the number of holiday homes on offer to more than 100,000. Most striking is the growth in Scandinavia as well as in popular beach destinations in Greece, Croatia and Hungary.
The Dutch operator NextPax.com is bundling the product data from leading European holiday home operators and will update and provide these every day to business partners. At the present time NextPax.com has integrated the offerings from Bungalow.net, Dancenter, Interhome, Topic Travel, TUI Ferienhaus, VipHolidays, Villa Vacant and others into its system. The intention is to integrate more operators, such as Inter Chalet or Muchosol. “By working together with NextPax.com we can save ourselves the trouble of making direct connections with each of the individual operators and so we can offer our customers an even more comprehensive range at minimal expense,” explains Kilian Eyholzer, CEO of VACANDO AG. The holiday homes of the new partners can be booked online via VACANDO from now on.
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