Skift Global Forum Preview: Vacasa Dominates Vacation Rentals With Acquisitions and Digital Tech
Photo Credit: Pictured here is the front enterance of a Vacasa home rental in Scottsdale, Arizona. Vacasa's focus on acquisitions and its proprietary technology are driving its market growth. Vacasa
Skift Take
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.
Vacasa became North America’s largest vacation home management company last year with its acquisition of Hyatt-backed Oasis, and later snapped up Wyndham Destinations home rental business for $162 million in July.
The latter move helped the Portland, Oregon-based operator eliminate a major competitor in the space while growing its market share in the very fragmented sector to 3.3 percent, according to CEO Eric Breon.
Founded in 2009, Vacasa currently has north of 14,000 rentals available across North America and manages a few other homes outside of the continent as well. That number is set to increase to 23,000 after the Wyndham deal closes. The company on Sept. 5 announced that it had directl
