Expedia’s recent purchase of rental HomeAway has positioned it to access the same market as Airbnb. Expedia has already started to alter the way HomeAway makes money as a means to close its takeaway gap with Airbnb. HomeAway now charges a booking fee to property owners and a renting fee for the traveler, similar to Airbnb. This makes a difference in the company’s bottom line, and with Expedia’s plans to also cross-sell listings on its Expedia network, it could become a legitimate threat to Airbnb. To read more, click here.
