Expedia continues to buy up online travel sites with its latest travel website acquisition priced at $3.9 billion for HomeAway, a vacation rental site. Expedia bought legacy online travel agencies Travelocity and Orbitz earlier this year. Expedia also owns Hotels.com, HotWire.com and Trivago.com.
Perhaps most amazing is Expedia has a market valuation of $18 billion, while the new kid on the block Airbnb has a market valuation of $20 billion.
HomeAway plans to start charging travelers an average fee around 6% for rental bookings. Up to now, the home owner hosts paid fees for listings.
The Expedia-HomeAway deal is expected to close in Q1 2016.
Read more at New York Times article November 5, 2015.