Home > > Expedia Group fully acquires CanadaStays to boost vacation rental presence up north

Expedia Group fully acquires CanadaStays to boost vacation rental presence up north

08/23/2019| 5:36:31 PM| 中文

CanadaStays will become part of the Vrbo vacation rentals division in a move designed to strengthen Expedia Group’s alternative accommodation presence in Canada.

Expedia Group has fully acquired CanadaStays, a Canadian vacation rental marketplace the travel brand has had a strategic partnership with since 2015.

Full terms of the deal have not been disclosed, but Expedia Group says it has fully acquired all shares of CanadaStays stock it did not already own.

CanadaStays will become part of the Vrbo vacation rentals division in a move designed to strengthen Expedia Group’s alternative accommodation presence in Canada.

Once integrated into the Vrbo marketplace, CanadaStays owners and property managers will have access to Vrbo’s data and tools for managing property listings to help them reach more travelers and grow their rental income.

Travelers using CanadaStays will gain additional features such as collaborative trip-planning tools, virtual tours, mobile apps and chatbots.

Expedia Group says some CanadaStays listings have already been available on its core online travel agencies, and the rest will become eligible following the Vrbo integration.

In July, Expedia Group reported that Vrbo saw an uptick in revenue after two quarters of declines.

Expedia Group president and CEO Mark Okerstrom says the company has made a concerted effort to get the brand “back on track” following the consolidation of its alternative accommodations under Vrbo earlier this year.

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TAGS: Airbnb | Expedia | acquisition
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