Powered By:

    HomeToGo Considering Further Acquisitions but Prices Remain High

    HomeToGo announced that revenue last year increased 55 percent to €147 million year over year while booking revenue increased by almost one-third to €164 million versus 2021. Highlights of the year for HomeToGo included the acquisition of AMIVAC in January and E-Domizil in March and acquiring the remaining 81 percent stake in Secra in June following its initial acquisition of 19 percent in 2021. In the fourth quarter of 2022, HomeToGo increased booking revenues by 36 percent to €31 million. Patrick Andrae, co-founder and CEO of HomeToGo, said, "2022 proved that vacation rentals remain one of the fastest growing and resilient travel verticals. Despite the global macroeconomic uncertainty, we managed to deliver another very strong performance, laying foundations for further progress in scaling HomeToGo to become a fast growth and profitable travel technology platform." Chief Financial Officer Steffen Schneider said that while further merger and activity could also be on the cards, the company has to be careful about the impact on numbers. "For us it's important that if we do mergers and acquisitions, we want to acquire profitable businesses."

    PhocusWire (03/30/23) Linda Fox

    Read More

    Recent Stories
    HomeToGo Appoints Thielmann as Chief Investment Director

    Bangor Is Getting Closer to Cementing Rules for Unregulated STRs

    At Workshop on STRs in Augusta, Officials Say They're Not Posing a Problem