Expedia buys HomeAway for $3.9 billion
Airbnb and other startups are changing the dynamics of the travel market by adding new capacity, and travel websites have begun offering their own services that are based on people renting out their rooms and homes.
HomeAway is based in Austin, Texas, and its sites have more than 1 million paid listings of vacation rental homes in 190 countries.
“We’re eager to benefit from Expedia’s distribution, technology and expertise, which will allow us to provide an even better product and service experience for our owners, property managers and travelers,” said HomeAway CEO Brian Sharples.