HomeAway seeking out Fairfax Media's holiday accomodation website, Stayz
Jonathan ChancellorDecember 7, 2020
Fairfax Media has reportedly been approached by the US-listed HomeAway regarding its online holiday accomodation website, Stayz.
US-listed HomeAway is capitalised at $US2.7 billion. It has 575,000 holiday offerings with 19,500 within Australia.
The listed Australian travel website group Wotif has also been mooted as a buyer of Stayz.
Fairfax Media recently noted Stayz’s revenue grew 44% to $23 million in the 2012 financial year. It has about 30,000 holiday offerings across Australia.
JPMorgan has valued Stayz at $140 million. Fairfax bought the Stayz business in 2006 for $6 million.
Jonathan Chancellor
Jonathan Chancellor is one of Australia's most respected property journalists, having been at the top of the game since the early 1980s. Jonathan co-founded the property industry website Property Observer and has written for national and international publications.