Expedia to buy holiday rental site HomeAway for $3.9 billion
November 24, 2015
Expedia is buying the holiday rental site HomeAway for $3.9 billion, as both companies feel competitive pressure from the rise of Airbnb. HomeAway, as it becomes part of Expedia Inc., will become more city-oriented, and Airbnb is determined to increase rentals in resort locations. All of which means that Expedia, Airbnb, and Booking.com will increasingly compete over the next few years.