Alterative accommodation marketplace HomeToGo finished 2021 with record booking revenue of €123 million, up 51% compared to 2020, and an even sharper increase in the final quarter of 2021 – up 111% compared to the same period a year prior.
And, despite the ongoing pandemic and recent setbacks due to the Omicron variant, the Berlin-based company says it has bookings worth €19 million already reserved for future stays, a 90% increase in future bookings compared to the same time in 2021.
HomeToGo says the financial figures released today are preliminary and unaudited and could change prior to the final release for full year and Q4 2021 in March.
In September, HomeToGo debuted on the Frankfurt Stock Exchange following a business combination with Lakestar SPAC.
“2021 marks an outstanding year in our history – not only did we become a public company, but we also delivered on our strategy, whilst remaining focused on our goal of connecting travelers and supply partners around the world to make incredible homes easily accessible to everyone,” says Dr. Patrick Andrae, co-founder and CEO of HomeToGo.
“We have proven that we can grow despite a challenging year for the travel industry and are confidently looking ahead to 2022, which we begin with a record booking revenue backlog of €19 million.”
HomeToGo says Belgium, the Netherlands and Croatia were the countries that had the greatest increase in bookings compared to 2020.
The company says onsite bookings grew to €50 million in 2021, up 112% compared to the prior year and contributed to 41% of total booking revenue. In Q4 onsite bookings were up even more dramatically, increasing 242% compared to Q4 2020 to €8.6 million.
HomeToGo’s booking revenue from subscriptions and services – a “Shopify”-style option for property owners and managers – grew to €9 million for the full year 2021, up 44% compared to 2020, and up 71% year-over-year in the fourth quarter.
Gross booking value in 2021 came in at €1.44 billion, with €244 million of that coming in the fourth quarter, up 53% compared to the same quarter a year earlier.
The company says it has seen the impact of new travel trends as a result of the pandemic, including an increase in bookings for domestic stays from 52% in 2019 to 63% in 2021.
Founded in 2014, the marketplace connects travelers to rentals provided by more than 2,000 partners, including Vrbo, Booking.com, Airbnb, Vacasa, Tripadvisor and more.
Last week HomeToGo completed its acquisition of the AMIVAC vacation rental business unit from Groupe SeLoger.
