TripAdvisor buys rentals site in fresh challenge to HomeAway

TripAdvisor (TRIP +3.2%) is continuing its recent M&A spree by acquiring Vacation Home Rentals, a site that lists 14K+ rental properties worldwide. Terms are undisclosed.

The purchase follows last year's acquisition of Spanish vacation rentals site, and represents an escalation of TripAdvisor's competitive challenge to market leader HomeAway (AWAY +1.8%). TripAdvisor claims to feature 550K+ rental properties; HomeAway claims 625K+ listings.

TripAdvisor's Q1 report is due on May 6.

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