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 Niumba.com, 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.