A group of former Google employees are ramping up growth at a startup that seeks to grab a piece of the rapidly expanding vacation-rental market, just as their former employer enters the same space.
VacationRenter, founded by ex-Google workers David Kolodny and Phil Santoro, says it expects to handle about US$600mil (RM2.51bil) in gross bookings this year, up from US$100mil (RM419.41mil) last year. The company makes money by collecting home-share listings from around the Web and taking a referral fee or share of bookings when users click through to book on other sites such as Booking Holdings Inc or Expedia Group Inc-owned HomeAway. Alphabet Inc’s Google in March said it was adding home rentals to its travel-search platform as well.