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Slide #25. HomeAway, Inc. — Stayz Group
HomeAway, Inc. (NYSE:AWAY)
HomeAway, Inc., the world's leading online marketplace for vacation rentals, announced it has acquired Stayz Group, the publisher of Stayz.com.au and the leading online vacation rental marketplace in Australia. The Stayz Group, which also includes Rentahome.com.au, TakeABreak.com.au, and YesBookIt, was purchased from Fairfax Digital, a division of Fairfax Media Limited (ASX:FJX), for approximately US$198 million in an all-cash transaction. Stayz, which generated AU$25.4 million in revenue in its last fiscal year 2013 (ended in June 2013), has long employed a commission-based business model, which produces the majority of its revenue.
HomeAway operates an online marketplace for the vacation rental industry. Vacation rentals are fully furnished, privately owned residential properties, including homes, condominiums, villas and cabins, that property owners and managers rent to the public on a nightly, weekly or monthly basis. Co.'s marketplace brings together travelers seeking vacation rentals online with property owners and managers of vacation rental properties located in 190 countries globally. Co.'s online marketplace serves two main constituents: property owners and managers on one side and travelers on the other. As of Dec 31 2014, Co. operated its online marketplace through 40 websites in 22 languages.
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