HomeAway CEO Brian Sharples (pictured) has said the company will invest in the infrastructure of Australian accommodation site Stayz, which it bought for AUD220 million in December. “Since that acquisition, we’ve been focused on financial and production integration and ensuring the business continues to execute as Australia’s market leader,” he said.
“We do expect 2014 to be a year of heavy investment as we integrate the business and execute our goal of ensuring they are well positioned for the long run with the most competitive technology, pricing and marketing resources.
“And as we said before, we believe we will learn from Stayz long and successful experience with their commission based model.
“We also plan to drive upside in their business in 2015 and beyond through access to our global network.”
Mr Sharples confirmed that geographic expansion remains a strategic priority for HomeAway, which has been on something of an acquisition spree.