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.
Property managers are racing to sign up new rentals, and online agencies are racing to add new inventory. A new model that promises to guarantee incomes may lure more homeowners into the pool and extend the vacation rental tech boom.
Wyndham Destination Network has positioned itself as the largest property management company in vacation rentals, and is now using its size to optimize performance by rolling out company-wide yield management and cross-selling abilities.