HomeAway Solidifies Market Leadership In Spain And Adds To Rural Accommodations In Europe With Acquisition Of Toprural

Toprural and its 46-person staff will continue to operate as an independent brand from its office in Madrid. Chief operating officer, Rafael Perez-Olivares Hoepfl, will now serve as General Manager and replace Francois Derbaix, who will stay on as a consultant during the transition.

HomeAway will provide additional details on the Toprural acquisition during its first quarter earnings conference call on Tuesday, April 24, 2012.

Conference Call & Webcast Information

HomeAway's first quarter 2012 earnings conference call takes place Tuesday, April 24, 2012, at 4:30 p.m. Eastern Time / 3:30 p.m. Central Time. To participate in the call, investors should join ten minutes prior to the scheduled start time. Callers in the US and Canada should join by dialing [phone], passcode 4528539. Callers outside the US and Canada should join by dialing [phone], passcode 4528539. In addition, a live webcast of the call will be accessible through the Investor Relations section of HomeAway's website at http://investors.homeaway.com and will be archived online for 60 days upon completion of the conference call.

About HomeAway

HomeAway, Inc., based in Austin, Texas, is the worldwide leader in online vacation rentals, with sites representing more than 640,000 paid vacation rental home listings as of December 31, 2011, throughout 168 countries. Through HomeAway owners and property managers offer an extensive selection of vacation homes that provide travelers with memorable experiences and benefits, including more room to relax and added privacy, for less than the cost of traditional hotel accommodations. The company also makes it easy for vacation rental owners and property managers to advertise their properties and manage bookings online. The HomeAway portfolio includes the leading vacation rental websites HomeAway.com, VRBO.com and VacationRentals.com in the United States; HomeAway.co.uk and OwnersDirect.co.uk in the United Kingdom; HomeAway.de in Germany; Abritel.fr and Homelidays.com in France; HomeAway.es and Toprural.com in Spain; AlugueTemporada.com.br in Brazil; and HomeAway.com.au in Australia.

In addition, HomeAway operates BedandBreakfast.com, the most comprehensive global site for finding bed-and-breakfast properties, providing travelers with another source for unique lodging alternatives to chain hotels. For more information about HomeAway, please visit www.HomeAway.com.

Cautionary Statement Regarding Forward-looking Statements

This press release contains "forward-looking" statements, subject to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995, which are based on HomeAway management's beliefs and assumptions and on information currently available to management. Forward-looking statements include information concerning expected, possible or assumed results of the acquisition of Toprural.

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