Home > Home > HomeAway buys rental rival Stayz for $200M

HomeAway buys rental rival Stayz for $200M

12/05/2013| 1:38:30 PM| 中文

Big deal in the vacation rental sector – HomeAway has splashed out some $198 million to buy the Stayz Group, a major player in the market in Australasia.

The deal to acquire Stayz Group from Australian publishing giant Fairfax Digital includes brands Rentahome, TakeABreak and YesBookit.

Stayz generated AUD $25.4 million ($22.9 million) in revenue for the year ending June 2013, primarily via its commission-based model. Around 99% of Stayz’s listed properties are in Australia.

The Sydney-based company, with a headcount of 40, will continue to operate as a brand in its own right under general manager Anton Stanish.

Read full story at:http://www.tnooz.com/article/homeaway-stayz

TAGS: HomeAway | Stayz | vacation rental
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