
VRBO is owned by Expedia Group (NASDAQ: EXPE), a publicly traded American multinational travel company headquartered in Seattle, Washington. Expedia Group acquired VRBO in 2015 through its $3.9 billion acquisition of HomeAway. VRBO returned to growth in 2025 under CEO Ariane Gorin, with Expedia Group reporting full-year revenue of $14.7 billion and gross bookings of $119.6 billion. VRBO is one of Expedia Group's three flagship consumer brands alongside Expedia and Hotels.com.
| Brand | Parent Company | Ownership Type |
|---|---|---|
| VRBO | Expedia Group | Wholly owned |
VRBO (Vacation Rentals by Owner) was founded in 1995 by Brian Sharples and Carl Shepherd as one of the first online vacation rental platforms. The company was created to help homeowners rent their vacation properties directly to travelers, offering an alternative to traditional hotel accommodations.
The platform grew steadily throughout the late 1990s and 2000s, expanding its property inventory and geographic reach. VRBO pioneered many features now standard in vacation rental booking, including property photos, detailed descriptions, and secure booking systems.
In 2006, VRBO was acquired by HomeAway, which continued to operate VRBO as a distinct brand while expanding its portfolio of vacation rental websites. HomeAway went public on NASDAQ in 2011.
In 2015, Expedia Group acquired HomeAway for $3.9 billion, bringing VRBO into the Expedia Group portfolio. In 2019, Expedia Group unified all its vacation rental properties under the VRBO brand name, consolidating HomeAway and other vacation rental sites into a single global brand.
In 2023, Expedia Group launched the One Key loyalty program, unifying Expedia, Hotels.com, and VRBO under a single rewards program. This allowed travelers to earn and redeem OneKeyCash across all three platforms.
In 2024, VRBO faced headwinds as Expedia Group underwent a leadership transition with Ariane Gorin becoming CEO in May 2024. Under Gorin's leadership, the company focused on returning VRBO to growth through product improvements and expanded marketing.
In 2025, VRBO returned to growth as part of Expedia Group's strong performance. The company expanded VrboCare in Q4 2025, strengthening VRBO's differentiation and giving travelers peace of mind when booking trips. Expedia Group grew US market share for both hotel and VRBO segments. VRBO benefited from longer booking windows and lengths of stay relative to 2024, indicating healthy consumer travel demand.
What does Expedia Group own?
Expedia Group owns a portfolio of online travel brands including Expedia, Hotels.com, Vrbo, Orbitz, Travelocity, Hotwire, and Wotif. The company also holds a majority stake in Trivago, a hotel metasearch platform headquartered in Germany. In addition to its consumer brands, Expedia Group operates Expedia for Business, a B2B division that provides technology infrastructure, inventory access, and booking capabilities to over 60,000 travel agency and corporate partners.
Is Expedia Group publicly traded?
Yes, Expedia Group, Inc. is listed on NASDAQ under ticker EXPE. The company was first spun off from Microsoft in 1999 and became an independent company separate from IAC in 2005. Barry Diller retains significant voting control through a dual-class share structure. Major institutional shareholders include Vanguard Group and BlackRock. Ariane Gorin serves as CEO.
Who founded Expedia Group?
Expedia was founded in 1996 as a division of Microsoft by Rich Barton and Lloyd Frink. The service was one of the first online travel booking platforms. Microsoft spun off Expedia as an independent company in 1999. IAC/InterActiveCorp, led by Barry Diller, acquired a controlling stake in 2001 and built the company into a multi-brand online travel group. Expedia was spun off from IAC as an independent company in 2005.
Where is Expedia Group headquartered?
Expedia Group is headquartered in Seattle, Washington, USA. The company moved its headquarters from Bellevue, Washington to a new campus in Seattle in 2019. Expedia operates globally with significant operations in the United States, Europe, Asia Pacific, and Latin America, though approximately 63% of its revenue is generated from US point of sale.
How many brands does Expedia Group own?
Expedia Group owns seven or more travel brands, including Expedia, Hotels.com, Vrbo, Orbitz, Travelocity, Hotwire, and Wotif. The company also holds a majority stake in Trivago. The three core consumer brands are Expedia, Hotels.com, and Vrbo, all of which participate in the One Key loyalty program. The remaining brands operate as secondary consumer-facing platforms.
Who owns Expedia Group?
Expedia Group, Inc. is publicly traded on NASDAQ under ticker EXPE. Barry Diller retains significant voting control through a dual-class share structure that gives his shares disproportionate voting power. Major institutional shareholders include Vanguard Group, BlackRock, and State Street Global Advisors. No single institutional shareholder holds a controlling stake independent of the Diller voting structure. Ariane Gorin serves as CEO.
What is Expedia Group's revenue?
Expedia Group reported full-year 2025 revenue of $14.7 billion, up 8% from $13.7 billion in 2024. Gross bookings reached $119.6 billion, and adjusted EBITDA was $3.5 billion, up 19% year over year. In Q2 2026, revenue grew 14% to $4.3 billion, and the company raised its full-year 2026 revenue guidance to $16.05 to $16.22 billion.
What is the One Key loyalty program?
One Key is Expedia Group's unified loyalty program, launched in 2023, that allows members to earn and redeem OneKeyCash across Expedia, Hotels.com, and Vrbo. The program replaced the separate loyalty programs that previously operated independently for each brand. The consolidation was part of a broader technology migration that moved all three brands onto a single shared platform.
VRBO operates under Expedia Group's Open World social impact and sustainability strategy, which aims to build resilient prosperity for destinations worldwide. The strategy focuses on ensuring travel becomes a force for good in local communities while supporting environmental stewardship and economic advancement.
Through Expedia Group's participation in the Destination Climate Champions program, developed in partnership with The Travel Foundation, VRBO supports destination marketing and management organizations in becoming better environmental stewards. The program helps destinations measure and reduce their carbon footprint while implementing climate action plans.
VRBO participates in Expedia Group's Destination Giveback Initiative, which makes donations to local causes identified together with destination marketing organization partners. For example, through Destination Canada's partnership, Expedia Group made a $100,000 donation to The Indigenous Tourism Association of Canada (ITAC) to support Indigenous tourism development.
VRBO promotes environmentally responsible travel through its platform features and property guidelines. The platform encourages property owners to implement sustainable practices such as waste reduction, energy efficiency, and water conservation. VRBO provides resources and best practices for hosts to minimize their environmental impact.
VRBO contributes to local economies by enabling travelers to stay in residential neighborhoods and support local businesses. The platform's model helps distribute tourism benefits beyond traditional hotel districts, supporting local restaurants, shops, and services. Vacation rentals often provide more authentic local experiences while contributing to economic development in residential communities.
VRBO maintains ethical standards for property listings, host conduct, and customer service. The platform implements comprehensive review systems, safety protocols, and dispute resolution processes. The VrboCare program, expanded in Q4 2025, provides additional traveler protection and booking guarantees.
Return to Growth (2025): VRBO returned to growth in 2025 under CEO Ariane Gorin's leadership, marking a significant turnaround for the brand. Expedia Group grew US market share for both hotel and VRBO segments.
VrboCare Expansion (Q4 2025): The expansion of VrboCare in Q4 2025 strengthened VRBO's differentiation in the vacation rental market, providing travelers with enhanced peace of mind when booking trips.
One Key Loyalty Program: The One Key loyalty program, launched in 2023, unifies Expedia, Hotels.com, and VRBO under a single rewards platform. This integration has been recognized as a strategic innovation in travel loyalty programs.
Market Leadership: VRBO is consistently recognized as one of the world's leading vacation rental platforms alongside Airbnb and Booking.com. The brand maintains strong positions in family travel and group vacation segments with over 2 million vacation rental properties.
Technology Innovation: VRBO's mobile app features, search functionality, and booking guarantees have been recognized as industry-leading tools. The platform's integration with Expedia Group's broader technology ecosystem enhances the vacation rental experience.
Record Free Cash Flow: Expedia Group achieved record free cash flow of $3.1 billion in 2025, up 34% from 2024, demonstrating strong operational performance across its portfolio including VRBO.
VRBO has faced controversies and customer service challenges primarily related to booking disputes, fee structures, and customer support issues.
Customer Service Complaints: VRBO has received substantial criticism regarding customer service quality and responsiveness. Many customers have reported difficulties resolving booking issues, obtaining refunds for canceled reservations, and receiving adequate support during disputes with property owners. The platform's customer service has been described as inadequate, particularly during high-demand travel periods and emergency situations.
Fee Structure Transparency: VRBO has faced controversy over its fee structure and pricing transparency. Customers have complained about unexpected service fees, booking charges, and cleaning fees that are not clearly disclosed during the initial booking process. The platform's total cost structure has been criticized for lack of transparency, with travelers reporting final charges significantly higher than initially advertised property rates.
Booking Cancellation Issues: VRBO's cancellation policies and refund processes have been a major source of customer dissatisfaction. Many users have reported difficulties obtaining refunds for canceled bookings, even when cancellations were due to property issues or extenuating circumstances. The platform's handling of COVID-19 related cancellations drew particular criticism from customers who struggled to receive refunds or credits.
Property Quality and Accuracy: VRBO has faced complaints regarding property listing accuracy and quality consistency. Travelers have reported discrepancies between advertised property features and actual accommodations, including issues with cleanliness, amenities, and property conditions. The platform's quality control mechanisms have been criticized as insufficient.
Owner-Guest Dispute Resolution: The platform's handling of disputes between property owners and guests has been controversial. Many users have reported VRBO's intervention in conflicts as inadequate or biased, particularly regarding security deposits, damage claims, and booking modifications.
Competition from Airbnb: VRBO faces intense competition from Airbnb, which has a larger global inventory and stronger brand recognition in the vacation rental space. Airbnb's lower host fees and more user-friendly interface have pressured VRBO to adapt its policies and pricing. In 2025, Expedia Group grew US market share for VRBO, but the competitive gap with Airbnb remains significant.
Regulatory Compliance Issues: VRBO has faced regulatory scrutiny in various markets regarding vacation rental regulations, tax collection, and compliance with local housing laws. Cities including New York, Paris, and Barcelona have implemented restrictions on short-term rentals, creating complications for both property owners and travelers. VRBO must adapt to changing regulations across different jurisdictions.
AI-Powered Platform Competition: Expedia Group faces emerging competition from AI-powered travel platforms that are changing how consumers search and book travel. The company acknowledged this risk in its 2025 earnings presentation, noting intense competition from online travel agencies, suppliers, search engines, and emerging AI-powered platforms.
No direct competitors found in the same category. This could be because VRBOoperates in a unique market segment or we're still building our competitor database.
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