Articles tagged “vacasa”

Short-term rental companies can't believe their luck. Private equity and venture capital continue to pour into their sector despite a hot market. Vacasa has remained an investor darling, in part, because it has branched into opening real estate brokerages to help boost the supply of units.

The hospitality industry is still working to figure out the vacation home rental market. Vacasa, the market leader in the space with respect to total managed properties, may just have a leg up on the competition.

We've seen this playbook before. Google isn't making much money off its vacation rental business, and doesn't need to sweat it. With its domination of search, Google will take its time, build its global property numbers, and test what works. Competitors know what's coming.

Vacasa will roughly double the inventory its team has to manage. That's a lot to chew on. The risk is falling prey to hubris.

While most still don't think it's necessarily for them, there are a few who are starting to be open to giving it a try.

Just as challenging as it is for Airbnb to offer more hotel-like options, it seems in some ways even more daunting for hotel companies to start offering more Airbnb-like accommodations.

Vacasa's interest in partnering with property developers to put more short-term rentals in multi-family communities is part of a broader trend toward greater professionalization of the market. But not all of the players entering the market may avoid being bruised in an eventual economic recession.

Venture capital has awoken in a big way to the potential of vacation rental property managers.

Despite everyone's happy talk, this deal smells like Hyatt was disenchanted by Oasis' performance and eager to unload its investment stake. That aside, the deal boosts Vacasa in an area where it has been underserved to date.

Vacasa CEO Eric Breon doesn't see Airbnb or big hotel companies as competition for his company, which specializes in managing traditional vacation home rentals. But he could use more homes to manage.