Vacasa Bumps Up Revenue Target for 2022 as It Prepares for Public Debut
Photo Credit: A Vacasa property in San Antonio, Texas. Vacasa
Skift Take
The vacation rental market is surging ahead, but that doesn't automatically lead to a profitable business for those operating in the space. But Vacasa's most recent quarter should give prospective investors more confidence.
Vacation rental property management company Vacasa has improved its full-year outlooks for this year and next, after posting a record set of third-quarter results. All of this news comes as the company is preparing to go public soon.
The company, which manages 35,000 vacation homes mostly in the U.S. but also in Belize and Costa Rica, sold 1.8 million nights during the three months ended September 30, 2021, compared to 1.1 million in the same period in 2020. Its overall gross booking value was $776 million for the quarter, which is up 97 percent year-over-year.
The results reported on Monday come ahead of its planned merger with blank check company TPG Pace Soluti
