Austin-Based Homeaway Starts Spending

Today, HomeAway announced its acquisition of Paris-based Homlidays SAS, which operates, the largest pan-European vacation rental site, featuring 40,000+ listings. This acquisition marks the first strategic-growth initiative since HomeAway completed its $250 million equity capital raise in November 2008.

HomeAway now features more than 360,000 worldwide properties and operates the top two vacation rental sites in France, United Kingdom and United States and the number one sites in Germany and Italy, further establishing its leadership in the $48 billion segment of the travel industry. HomeAway owners and advertisers now have an expanded distribution in France, Italy, Spain and Portugal, and travelers have a broader selection of properties—especially in France where vacation rentals are already widely adopted alternatives to hotels.

For more information: the full release is linked here.

Homeaway also recently broken ground on its new headquarters at the intersection of 5th and Lamar on the west edge of downtown Austin.

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