Trade Me buys holiday home site

TOM PULLAR-STRECKER
Last updated 09:47 13/12/2012

Relevant offers

Business

Genesis shares list at a premium Super Fund posts 19 per cent rise Air New Zealand escapes class action One salmon farm appeal allowed Business backs Labour's manufacturing plan Labour market takes off New Zealand stocks "fair value" Air NZ to seek costs over cargo cartel case Grape harvests beat rain Turners Auctions upbeat outlook

Trade Me has bought 15-year-old Richmond-based accommodation website Holidayhomes.co.nz, which provides a directory of about 3300 holiday homes and bachs for rent in New Zealand and the South Pacific.

Spokesman Paul Ford said the sale price was confidential but less than $2 million.

Chief executive Jon Macdonald said the site would complement Trade Me's existing portfolio of travel businesses which include Travelbug, BookIt and Holiday Houses.

Holiday Homes' Mark Greening, who founded the site with his partner in 1997, would stay on as general manager of the site, he said. "It's business as usual for existing Holiday Homes property owners,” Macdonald said.

Trade Me's main website suffered a brief outage this yesterday. About half its members were unable to access the site for 10 minutes.

Trade Me is owned by stuff.co.nz publisher Fairfax.

Ad Feedback

- © Fairfax NZ News

Comments

Special offers

Featured Promotions

Sponsored Content