HomeToGo Buys a Near-Death Tripping in Vacation Rental Rollup

Skift - Dec 05, 18:30 GMT

The acquisition of once-high-flying Tripping.com as a distressed asset was a losing deal for investors

HomeToGo

HomeToGo, a vacation rental metasearch company, has acquired some of the assets of Tripping.com, a forme leader in the space. It also raised $150 million. Shown in the photo are, left, Dr. Patrick Andrae, HomeToGo CEO and co-founder, and, right, Wolfgang Heigl, co-founder. This photo was taken at the company's former office building in Berlin - which used to be a power plant and still had the control room, which is where they are standing in this photo. HomeToGo



Skift Take: The acquisition of once-high-flying Tripping.com as a distressed asset was a losing deal for investors. It's not clear what the payoff will be for HomeToGo acquiring a Silicon Valley rival at vacation rental price-comparison. HomeToGo faces daunting expectations now, having raised $150 million.

— Sean O'Neill and Dennis Schaal

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