Holiday lettings portal, HolidayLets.Net, has been acquired by French company, Homelidays SA.
Aimed at the DIY holiday market, the website puts holidaymakers in direct contact with holiday home owners.
As a result of the acquisition, Paris-based Homelidays now represents over 40,000 holiday homes throughout 90 different countries.
Homelidays managing director Florent Mamelle said: “This is an exciting time to be in the holiday lettings business, with the last few years seeing an ever increasing number of private holiday home rentals and the internet being their favoured route to market.
“The acquisition of HolidayLets.Net strengthens our UK presence and helps consolidate our dominant mainland European position.”
HolidayLets.Net will continue to be run as an independent brand from its offices at the Technology Park at Cranfield University in Bedfordshire.
Outgoing managing director Ross Hugo said: “There has been much consolidation in the industry over the past 18 months and this new partnership secures the HolidayLets.Net brand and makes HolidayLets perfectly positioned to take full advantage of the continued market growth.”
by Bev Fearis
