Austin-based HomeAway sold for $3.9 billion dollars to Expedia today. It’s a big number but it might surprise you know that AirBnB is valued about six-times that but suffice it to say, the vacation rental space is booming.
“We have long had our eyes on the fast-growing $100 billion alternative accommodations space and have been building on our partnership with HomeAway, a global leader in vacation rentals, for two years,” Expedia chief executive Dara Khosrowshahi said in a prepared statement. “Bringing HomeAway into the Expedia, Inc. family and adding its leading brands to our portfolio of the most trusted brands in travel is a logical next step.”
Source
“We have long had our eyes on the fast-growing $100 billion alternative accommodations space and have been building on our partnership with HomeAway, a global leader in vacation rentals, for two years,” Expedia chief executive Dara Khosrowshahi said in a prepared statement. “Bringing HomeAway into the Expedia, Inc. family and adding its leading brands to our portfolio of the most trusted brands in travel is a logical next step.”
Source
