Online vacation rental giant HomeAway this morning announced that it is expanding its global footprint and moving into South America with the acquisition of the publisher of AlugueTemporada.com.br, Brazil’s leading vacation rental site. The terms of the deal remain undisclosed.
With its acquisition of what HomeAway claims is the largest vacation rental website in South America with over 12,000 property listings, the company is for the first time extending its virtual borders beyond North America and Europe and increasing its total vacation rental listings to a respectable 475,000 properties.
AlugueTemporada.com.br will continue to operate as an independent brand from its office in Rio de Janeiro, the city that will – conveniently – be hosting both the 2014 FIFA World Cup and 2016 Summer Olympics.
Seems like HomeAway is on a bit of a buying spree more than two years after it raised a whopping $250 million in a single financing round – just last week it announced that it had purchased BedAndBreakfast.com for an equally undisclosed sum.
HomeAway also operates HomeAway.com, VRBO.com, BedAndBreakfast.com and VacationRentals.com in the US and multiple vacation rental sites in France, the UK, Germany, Spain, Italy, Portugal, Netherlands, Norway, Sweden, Denmark and Finland.
Expect more small acquisitions from HomeAway in the months to come.
HomeAway, Inc., based in Austin, Texas, represents more than 540,000 paid vacation rental home listings throughout 120 countries, and connects homeowners and property managers with the millions of travelers seeking alternatives to hotels. HomeAway offers an extensive selection of vacation homes that provide travelers with memorable experiences and benefits, including more room to relax and added privacy, for less than the cost of traditional accommodations. The company also makes it easy for vacation rental...