Homeaway is now a terrible unethical company - You must avoid at all costs.
HomeAway are really just part of the cartel formed by Tripadvisor, Airbnb, Booking.com and themselves which dominate the accommodation rental market and are basically holding all the market to ransom. They evidently feel that as they now own the market, if you want bookings or to book a holiday rental, you've got no choice but to use them. They can therefore dictate the terms owners must accept and the over-the-top fees renters must pay; in simple words they just expect everyone now has no choice but to just "Suck it up!"
Everyone is now overpaying to feed these vampires share prices or market valuations.
My big issue with HomeAway is the complete lies they feed through their marketing.
They say their service fees protects you. A complete lie - it doesn't, as there is NEVER ANY LEGALLY ENFORCEABLE contract between the Renter and HomeAway
• Your payment on the HomeAway platform is taken through Yapstone Inc by a Yapstone subsidiary based in Ireland: "Holiday Rent Payment"
• "Holiday Rent Payment" is only subject to Irish financial regulation which is among the weakest in Europe.
• Part of your payment went to HomeAway, to cover their Service Fee.
• You have no contract with HomeAway. They have merely facilitated the making of a contract between you and the accommodation provider.
So HomeAway is showing just what a deceitful company it is, when it says their service fee goes to protect you. No No No! It goes to sustain Expedia's inflated stock price.
Expedia is rated on a massive trailing PE of nearly 60. The only way it can keep its inflated stock price is by growing its revenue and profits at a super double digit rate. So it needs to extract the maximum amount it can from both owners and renters. Which is exactly what it has been doing since HomeAway was bought by Expedia for 3.9 billion USD. The original founders have cashed out, They've made their money and now don't care how unethical HomeAway becomes.
Owners and Renters you do have a choice, go out of your way to search for direct channels to book your holiday rental on. They are many, StaySavr is your choice. Continue to feed these vampires or demand better value and the opportunity for a complete unfiltered interaction with holiday home owners. Just as it used to be ! - You don't have to accept the hand HomeAway wants to deal you. Fight back - don't feed these vampires any more !!








