HomeAway Takes a Controlling Stake in its 21st Vacation Rental Company
Photo Credit: HomeAway bolstered its presence in New Zealand and Australia with the acquisition of Bookabach. HomeAway
Skift Take
HomeAway's history is rollups in the vacation rental space, from around the globe. It has this down.
Add another one to the list: HomeAway has taken a 55% stake in New Zealand vacation rental site Bookabach for an undisclosed amount of cash.
"Bach" means a beach house or holiday home, HomeAway says, and together with Australia's affiliated Bookastay, which also is part of the deal, the acquisition means 8,000 additional property listings for HomeAway in New Zealand, Australia, and elsewhere in the Pacific, as it competes in the region against Holiday Houses, Stayz, Wotif and TripAdvisor.
Since its founding in 2004, HomeAway has made around 21 acquisitions, and in 2012 it also took a non-controlling stake in Tujia.com, a privately held vacation rental business in China, for $6.4 million
