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Expedia Beats Estimates With Growth in Vacation Rentals Gaining

  • After two quarters of declines, Vrbo notches 17% growth
  • Rebranding of vacation rental unit is starting to pay off
The Expedia application
Photographer: Andrew Harrer/Bloomberg

Expedia Group Inc.’s vacation rental business reported an uptick in revenue growth after the unit was rebranded, reversing two quarters of declines and signaling renewed momentum in the travel giant’s fastest-growing category.

Bellevue, Washington-based Expedia’s short-term rental unit reported revenue growth of 17% in the three months ended June 30. That’s more than the 14% in the previous period when it switched the division name to Vrbo, a moniker more familiar to Americans than the previous HomeAway label, which is more well-known in Europe. Total revenue grew to $3.15 billion, exceeding Wall Street’s forecast of $3.12 billion for the quarter.