airbnb — Upward and Ownard

Airbnb guests triple, hurting Priceline, HomeAway

From CNBC, February 2, 2015

Airbnb, which just surpassed 30 million guests to use the service at the end of last month, is taking over the vacation rental market at a breakneck speed, stealing customers from public companies HomeAway, Priceline and TripAdvisor.

“The news is negative for other large vacation rental players, HomeAway in particular, but also Priceline and TripAdvisor,” Cowen online travel analyst Kevin Kopelman said in a note to clients Monday. “Airbnb’s breakaway growth in 2H:14 increases the risk that Airbnb could run away with the broader category.”