HomeAway Buys Australia's Largest Vacation Rental Group for $198 Million
Skift Take
HomeAway's acquisition of Stayz fits very well with HomeAway's recent big push in Asia-Pacific, and also with its drive to transition to a pay-per-booking model, which Stayz has operated for years.
HomeAway announced today that it purchased the Australian vacation rental company the Stayz Group for $198 million from Fairfax Media Group. The Stayz Group includes Stayz.com.au, Rentahome.com.au, TakeABreak.com.au, and YesBookIt.
This is HomeAway's second purchase down under in a month. It took a controlling stake in New Zealand's Bookabach in November. Currently HomeAway controls 22 vacation rental companies.
HomeAway's acquisition of Stayz helps accelerate HomeAway's pay-per booking commission model beca
