Vacasa Is On Top Now But Competition Is Coming
Skift Take
It isn't that Vacasa has no competition in North America in vacation rental management, but there isn't a strong challenger at the moment after Vacasa bought out its strongest competitors over the last two years. In such a hot market, look for that void to get filled pronto.
The overwhelming feeling one gets after listening to property manager Vacasa's maiden earnings call as a public company is that it has tons of room for expansion, and that its competition in North America is relatively weak for now.
In the call to review its fourth quarter and full-year 2021 financial performance, Matt Roberts, the CEO of Vacasa, the largest vacation rental property management company in North America, said the company is not feeling any increased competitive pressure.
But, watch out, Vacasa, there are tons of private equity and real estate investors anxious to fill the void.
After all, Vacasa, which is backed in part by private equity firms Level Equity and TPG Capital, bought out its biggest competitors, Wyndham Vacation Rentals in 2019 and Turnkey in 2021, and currently faces off primarily against local property managers, which Vacasa is steadily buying up.
After debuting as a public company in December, Vacasa emerged fro
