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
