November 20, 2009 4:06 AM
- Text
HomeAway Recruits Griswolds, Has $397M From Investors
(MoneyWatch)
HomeAway, an international network of Web sites to rent vacation homes, has recruited both Chevy Chase and Beverly D'Angelo to reprise their roles as the Griswolds from the 1983 flick, "National Lampoon's Vacation" for one of its commercials. That really isn't the story -- the real story is that the four-year-old company has around $397 million from investors (mostly venture capitalists) and is paying up to $2.5 million for the spot to run during the Super Bowl.
HomeAway's chief executive Brian Sharples told the Austin American-Statesman that his company made $100 million in 2008 and estimates 2009 will bring in approximately $135 million. Not bad for a company he said relied mostly on "word of mouth, and our company doesn't have broad awareness among property owners or travelers."
HomeAway is marketed as an alternative to hotels, and if what Sharples says is true, then apparently a lot of people are fed up with hotels. (No word on whether the original Griswold children, Anthony Michael Hall and Dana Barron will make an appearance.)
HomeAway, an international network of Web sites to rent vacation homes, has recruited both Chevy Chase and Beverly D'Angelo to reprise their roles as the Griswolds from the 1983 flick, "National Lampoon's Vacation" for one of its commercials. That really isn't the story -- the real story is that the four-year-old company has around $397 million from investors (mostly venture capitalists) and is paying up to $2.5 million for the spot to run during the Super Bowl.HomeAway's chief executive Brian Sharples told the Austin American-Statesman that his company made $100 million in 2008 and estimates 2009 will bring in approximately $135 million. Not bad for a company he said relied mostly on "word of mouth, and our company doesn't have broad awareness among property owners or travelers."
HomeAway is marketed as an alternative to hotels, and if what Sharples says is true, then apparently a lot of people are fed up with hotels. (No word on whether the original Griswold children, Anthony Michael Hall and Dana Barron will make an appearance.)
Latest Now in MoneyWatch
- Ohio unemployment hits 3-year-low
- Jill on Money: Retirement investing, allocation, long term care
- Could "web-lining" be dangerous?
- Insurers respond cautiously to contraceptive plan
- Judge: Legally, breastfeeding not related to pregnancy
- Budget deficit drops to $27 billion in January
- Why the Powerball Jackpot is part of my investment strategy
- Is the new VW Beetle diesel worth the money?
- Consumer sentiment highlights risks to recovery
- Valentine blues? 10 best cities to be single
- December trade deficit widens to $48.8 billion
- Alcatel-Lucent returns to profit in 2011
- 6 things never to say in a performance review
- $26B mortgage deal: Who gets the money?
- Friendly's CEO steps down
- Quarterly loss hits $3.3B at Postal Service
- Greeks rail against cuts as EU demands more
Latest CBS News Headlines
on Facebook
on CBS News
- Turkish jets hit suspected rebel targets in Iraq
- At least 7 dead in Kosovo avalanche
- Clooney, Pitt, Streep due at British film awards
- Arab League considers revival of Syrian mission
on Facebook
- Whitney Houston 1963-2012
- Adele sings a cappella for Anderson Cooper
- Remembering Whitney Houston 1963-2012
on CBS News






