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Report: TripAdvisor buys rental marketplace HouseTrip

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Report: TripAdvisor buys rental marketplace HouseTrip

has acquiredU.K.-based, holiday rental website HouseTrip, VentureBeat reported April 28.

Financialterms of the deal were not disclosed.

TripAdvisorwill maintain the HouseTrip brand, and the latter's property portfolio will beoffered as part of the TripAdvisor Vacation Rentals service, according to thereport. HouseTrip reportedly offers about 300,000 European properties, plussome North American ones.

Accordingto its website, HouseTrip was founded by Arnaud Bertrand and Junjun Chen.Venture capital firms Index Ventures, Balderton Capital and Accel Partners haveinvested over $60 million in HouseTrip.