Two online travel leaders, HomeAway, Inc. (NASDAQ: AWAY) and Expedia.com, today announced an agreement intended to expand online travel accommodation options by surfacing HomeAway vacation rental properties on Expedia.com. The pilot – expected to launch early next year – will include properties throughout the U.S. and Mexico, and expands upon the current relationship with BedandBreakfast.com also operated by HomeAway.
Vacation rentals are an increasingly popular travel option for travelers across the globe as they look for accommodations that offer additional space and amenities beyond a traditional hotel room, coupled with the privacy of a home.
“This is a significant milestone for the vacation rental industry and for realizing HomeAway’s mission to make every vacation rental in the world available to every traveler in the world,” said HomeAway CEO Brian Sharples. “As one of the most visited online travel agencies, each month Expedia.com will give millions of travelers the opportunity to discover the benefits of booking a vacation rental, and we look forward to also helping our customers increase the visibility of their properties.”
“As a leading provider of full-service travel bookings, Expedia.com is constantly looking for opportunities to improve the breadth and depth of the products we offer,” said John Morrey, Vice President and General Manager of Expedia.com. “In exploring the addition of standalone vacation rental homes to Expedia.com in the U.S., it made the most sense to do so in partnership with HomeAway, the world’s leading vacation rental provider. We think it will be a win-win-win, for Expedia, HomeAway, and – most importantly – consumers.”About HomeAway HomeAway, Inc. based in Austin, Texas, the world's leading online marketplace for the vacation rental industry, with sites representing over 775,000 paid listings of vacation rental homes in 171 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.es in Spain; AlugueTemporada.com.br in Brazil; and HomeAway.com.au in Australia. Asia Pacific short-term rental site, travelmob.com, is also owned by HomeAway.
Check Out Our Best Services for Investors
- $2.5+ million portfolio
- Large-cap and dividend focus
- Intraday trade alerts from Cramer
Access the tool that DOMINATES the Russell 2000 and the S&P 500.
- Buy, hold, or sell recommendations for over 4,300 stocks
- Unlimited research reports on your favorite stocks
- A custom stock screener
- Model portfolio
- Stocks trading below $10
- Intraday trade alerts