HomeAway makes Australia acquisition
HomeAway Inc has acquired realholidays.com.au, the Australian vacation rental brand of REA Group Limited.
The acquisition of realholidays.com.au, which features 21,000 listings,,, takes HomeAway into the Australian market and marks its expansion from North America, South America and Europe into Asia-Pacific.
“REA is proud of realholidays.com.au’s success in the Australian holiday rentals market,” says Greg Ellis, CEO and managing director of REA Group. “However, we recognised the opportunity to further develop the business and, given our focus on residential and commercial property sites, felt it would be best managed by a specialist.
HomeAway plans to add realholidays.com.au’s properties to the recently-launched HomeAway.com.au, which will be managed out of the company’s Melbourne office by James Cassidy, formerly of realholidays.com.au and vacation rental site, stayz.com.au.
By Bev Fearis
Bev
Editor in chief Bev Fearis has been a travel journalist for 25 years. She started her career at Travel Weekly, where she became deputy news editor, before joining Business Traveller as deputy editor and launching the magazine’s website. She has also written travel features, news and expert comment for the Guardian, Observer, Times, Telegraph, Boundless and other consumer titles and was named one of the top 50 UK travel journalists by the Press Gazette.
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