HomeAway, Inc. and its subsidiaries (�HomeAway,� the �Company,� �we,� �us� and
�our�) operate the world�s largest online marketplace for the vacation rental
industry. Vacation rentals are fully furnished, privately owned residential
properties, including homes, condominiums, villas and cabins, that property
owners and managers rent to the public on a nightly, weekly or monthly basis.
Our marketplace brings together millions of travelers seeking vacation rentals
online with hundreds of thousands of property owners and managers of vacation
rental properties located in 190 countries around the world. As of December 31,
2013, we operated our online marketplace through 50 websites in 21 languages. In
2013, according to our internal metrics, our websites attracted approximately
750 million website visits. As of December 31, 2013, our global marketplace
included approximately 890,000 paid listings of vacation rentals.