AUSTIN, Texas, June 2 /PRNewswire/ -- HomeAway® Real Estate, the real estate arm of HomeAway, Inc. and the only online marketplace dedicated to buying and selling vacation homes with rental potential, today announced a marketing agreement with Realogy Corporation, a global provider of real estate and relocation services.
Through this relationship, Realogy's leading residential real estate brands such as Better Homes and Gardens® Real Estate, Century 21®, Coldwell Banker®, ERA® Real Estate and Sotheby's International Realty® will have their vacation homes listed for sale on HomeAwayRealEstate.com. Agents affiliated with Realogy brands now gain access to HomeAway's global channel of second home owners and prospective vacation home buyers. To enhance their listings, these agents also have the opportunity to become a member of HomeAway Real Estate's site and gain the advantage of providing additional details about a home's rental potential, including rental history, average rental rates and vacation-specific characteristics.
"Not only is this a fantastic opportunity to expand the breadth and depth of vacation properties for sale on HomeAway Real Estate," says HomeAway Vice President Martin Slagter, "but the agreement also provides Realogy's brand networks of real estate professionals with a specialized marketing channel to reach millions of HomeAway customers who are interested in buying beachside cottages, ski-in chalets, mountain lodges and other vacation properties."
"The vacation home industry is attractive to a highly segmented audience with major purchasing power," said Alex Perriello, president and CEO, Realogy Franchise Group. "By partnering with HomeAway Real Estate, we are extending our highly successful listings distribution strategy and reaching a highly desirable audience of potential home buyers and sellers through HomeAway's leading network of vacation home sites."
The terms of the marketing agreement were not disclosed.
About HomeAway, Inc:
HomeAway, Inc., based in Austin, Texas, is the global leader in online vacation properties, representing more than 480,000 paid vacation rental home listings throughout 120 countries. HomeAway offers an extensive selection of vacation homes that provide travelers with memorable experiences and benefits, including more room to relax and added privacy, for less than the cost of traditional hotel accommodations. The company also makes it easy for vacation rental owners and property managers to advertise their properties and manage bookings online. The HomeAway portfolio includes the leading vacation rental websites HomeAway.com, VRBO.com and VacationRentals.com in the United States; HomeAway.co.uk and OwnersDirect.co.uk in the United Kingdom; HomeAway.de in Germany; Abritel.fr and Homelidays.com in France; HomeAway.es in Spain; and AlugueTemporada.com.br in Brazil. The company's portfolio also includes HomeAwayRealEstate.com, which offers unique real estate information that highlights a vacation rental's income potential and destination-specific characteristics.
In addition, HomeAway operates BedandBreakfast.com, the most comprehensive global site for finding bed-and-breakfast properties, providing travelers with another source for unique lodging alternatives to chain hotels. For more information about HomeAway, please visit www.HomeAway.com.
SOURCE HomeAway, Inc.