HomeToGo ends 2021 with record booking revenue
Alternative accommodation market HomeToGo ended 2021 with a record turnover of 123 million euros, up 51% compared to 2020, and an even more marked increase in the last quarter of 2021 – up 111% compared to the same period of the previous year.
And, despite the ongoing pandemic and recent setbacks due to the Omicron variant, the Berlin-based company says it has already booked 19 million euros in bookings for future stays, a 90% increase in future bookings compared to the same period in 2021.
HomeToGo says the financial figures released today are preliminary and unaudited and may change before the final release for the full year and the fourth quarter of 2021 in March.
In September, HomeToGo debuted on the Frankfurt Stock Exchange following a business combination with Lakestar SPAC.
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“2021 marks an exceptional year in our history – not only have we become a public company, but we have also implemented our strategy, while remaining focused on our goal of connecting travelers and supply partners around the world to make amazing homes easily accessible to everyone, ”says Dr Patrick Andrae, co-founder and CEO of HomeToGo.
“We have proven that we can grow despite a difficult year for the travel industry and look confidently to 2022, as we start with a record order book of € 19 million.
HomeToGo reports that Belgium, the Netherlands and Croatia are the countries with the largest increase in bookings compared to 2020.
The company says on-site bookings reached € 50 million in 2021, up 112% from the previous year and contributed 41% of total bookings revenue. In the fourth quarter, on-site bookings increased even more dramatically, increasing by 242% from the fourth quarter of 2020 to 8.6 million euros.
HomeToGo’s reservation revenue from subscriptions and services – a ‘Shopify’ style option for property owners and managers – reached $ 9 million for full 2021, up 44% compared to 2020 and 71% year-on-year in the fourth quarter.
The gross reservation value in 2021 amounted to 1.44 billion euros, including 244 million euros in the fourth quarter, up 53% compared to the same quarter of the previous year.
The company says it has seen the impact of new travel trends in the wake of the pandemic, including an increase in domestic holiday bookings from 52% in 2019 to 63% in 2021.
Founded in 2014, the marketplace connects travelers to rentals offered by more than 2,000 partners, including Vrbo, Booking.com, Airbnb, Vacasa, Tripadvisor and more.
Last week, HomeToGo completed the acquisition of the AMIVAC vacation rental business unit
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