Articles tagged “avantstay”

Short-Term Rentals

Vacasa Slashes 17 Percent of Workforce in Second Recent Round of Layoffs

It's clear that Vacasa's ranks were bloated, and that the company was not very well-run in recent years. Like several other now-struggling, newly public companies, Vacasa faces a challenging road ahead.

Dennis Schaal | 2 months ago

Vacasa Slashes 17 Percent of Workforce in Second Recent Round of Layoffs

News Blog

Property Manager AvantStay Lays Off 22 Percent of Workforce in Second Round of Cuts

In a second round of cuts since mid-year, property manager AvantStay laid off 144 staffers, about 22 percent of its workforce, according to a published report from Short Term Rentalz. An Avantstay property in Isle of Palms by Charleston, South Carolina. Source: AvantStay. This followed the Los Angeles-based vacation rental firm eliminating some 43 jobs…

Dennis Schaal | 4 months ago

Short-Term Rentals

Weaker Short-Term Rental Players Face Mounting Pressures

Softness in occupancy rates, onerous long-term leases, and investor demands for profitability have contributed to a greater strain on the weaker companies in the short-term rental sector.

Dennis Schaal | 9 months ago

Weaker Short-Term Rental Players Face Mounting Pressures

News Blog

AvantStay Says It Conducted 43 ‘Job Reductions’ in the Past 30 Days

Property manager AvantStay said Friday its employee roster was subject to 43 "job reductions" in the past 30 days. The company argued that these weren't layoffs because they came as part of a "gradual reorganization." There actually was a net reduction of 19 employees over the last month because the company, which has around 600…

Dennis Schaal | 9 months ago

Startups

Where This Fidelity Venture Fund Is Placing Travel Tech Bets

Many people wonder why some travel startups attract venture funding while others don't. In this interview, Gaurav Tuli, a partner at Fidelity's F-Prime, clears up some of the mystery.

Sean O'Neill | 1 year ago

Where This Fidelity Venture Fund Is Placing Travel Tech Bets

Short-Term Rentals

AvantStay Creates a $500 Million Fund for Investing in Short-Term Rentals

Nothing underscores how mainstream vacation rentals have become as seeing institutional investors get in on the action.

Sean O'Neill | 1 year ago

AvantStay Creates a $500 Million Fund for Investing in Short-Term Rentals

Airlines

U.S. Airline CEOs Support Lifting Mask Mandates and 8 Other Top Travel Stories This Week

In Skift's top stories this week, several U.S. airline CEOs argue that federal mask mandates are no longer necessary, Amazon is enabling travelers to make payments using their palms, and numerous pandemic travel myths are debunked.

Rashaad Jorden | 1 year ago

U.S. Airline CEOs Support Lifting Mask Mandates and 8 Other Top Travel Stories This Week

Short-Term Rentals

Property Manager AvantStay Adds $160 Million in Funding for Expansion

AvantStay's move into brokerage services sets it apart from most of its peers. But as Zillow's experience of flipping houses and getting burned highlights, real estate can be a very risky sector.

Dennis Schaal | 1 year ago

Property Manager AvantStay Adds $160 Million in Funding for Expansion

Online Travel

Will User Reviews Impact Sonder’s and Vacasa’s Debuts as Public Companies?

Both Sonder and Vacasa need to clean up customer service issues, but they are probably not so acute as to give investors much pause.

Dennis Schaal | 1 year ago

Will User Reviews Impact Sonder’s and Vacasa’s Debuts as Public Companies?