Perfect Places, Inc. Acquires Portfolio of Vacation Rental Web Sites from The Weather Channel Interactive

February 10, 2010

MOUNTAIN VIEW, Calif., Feb. 10 /PRNewswire/ — Perfect Places, Inc. today announced it has entered into an agreement to acquire a selection of Vacation Rental websites from The Weather Channel Interactive for an undisclosed amount. Theses vacation rentals websites include forGetaway.com, RentJillsHouse.com, LakeRentals.com and CoastRentals.com and will complement the PerfectPlaces.com portfolio, which includes over 50,000 vacation rental listings in 98 countries.

With the purchase of these sites from The Weather Channel Interactive, Perfect Places aims to identify the emerging niche travel market, including lake properties and beach and coastal properties. This latest move from Perfect Places provides customers with channels designed specifically for their individual interests at both professionally managed properties and properties that are available directly from the property owners.

“Travelers looking for properties at the beach or on a lake will be able to use a Web site in our portfolio that cuts through the clutter and provides the information they need to plan their next vacation,” said Rick Haggart, founder and president of Perfect Places. “Our goal is to offer a world class selection of vacation rentals for leisure travelers and make it as simple as possible.”

In an effort to streamline and make the process of searching and booking a vacation rental more convenient, Perfect Places plans to integrate its leading online technology into all the new sites. The online booking agent allows travelers to securely pay with a credit card and review the property costs and rental agreement quickly and easily prior to booking.

Vacation rentals make it easier for friends to take a trip together, because of flexible options and the controlled cost verse staying in a hotel. In fact, according to recent research from PhocusWright, the travel industry research authority on how travelers, suppliers and intermediaries connect, vacation rentals represent more than one fifth of all hotel room revenue and 8 percent of the total U.S. travel market. “Perfect Places has been in operation for almost 15 years and this latest acquisition will help us further our mission to offer a compelling alternative to travelers seeking additional space, amenities and value that hotels are often unable to match,” noted Haggart.

About Perfect Places, Inc.

Perfect Places is a leading vacation rental website offering over 50,000 properties worldwide and receiving millions of annual visitors seeking vacation rentals. Launched in 1996, Perfect Places is at the forefront of offering online booking for vacation rentals. PerfectPlaces.com is owned by Perfect Places, Inc., a Mountain View, California-based, privately held company.

SOURCE Perfect Places, Inc.

Source: newswire

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