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Articles tagged “property management”

News Blog

UAE Developer Nakheel Secures $4.6 Billion Financing to Develop Dubai Islands 

Dubai-based property developer Nakheel announced it has secured $4.6 billion in strategic financing deal to drive what it calls, “the new phase of growth.” The amount includes refinancing of $3 billion, and additional funds of $1.6 billion. The developer of Palm Jumeirah said that the finance would be utilised to accelerate the development of its…

Peden Doma Bhutia | 1 year ago

Short-Term Rentals

Vacasa Lays Off 280 Employees as New CEO Sets Sights on Profits

It's tough for a new boss, like Vacasa CEO Rob Greyber, to come into a job and then have to make significant layoffs. It's tougher for impacted employees, however.

Dennis Schaal | 2 years ago

Vacasa Lays Off 280 Employees as New CEO Sets Sights on Profits

News Blog

Vacasa Appoints TurnKey Co-Founder as Chief Operating Officer

Just five weeks after Rob Greyber became CEO of Vacasa, the board has shaken up the leadership ranks anew, including naming TurnKey co-founder John Banczak chief operating officer, effective immediately. Vacasa vacation home in Camp Connell, California. Source: Vacasa TurnKey was Vacasa's main rival among property management companies in North America until Vacasa bought Turnkey…

Dennis Schaal | 2 years ago

Online Travel

Booking’s Connected Trip Vs. Hopper’s Fintech Strategies

Booking Holdings and Hopper are attacking travelers' anxieties in wildly divergent ways. Booking is trying to soothe them, while Hopper doesn't mind a little angst if it means more fintech revenue.

Dennis Schaal | 2 years ago

Booking’s Connected Trip Vs. Hopper’s Fintech Strategies

Short-Term Rentals

Analysis: Vacasa Has a Growth Story Neatly Tailored to Wall Street Sensibilities

Vacasa is adding homes to manage in 2022 at half the pace of 2021 in the name of profitability. Without the big mergers and acquisitions of years past, Vacasa is pressuring its sales force to get more productive or hit the road.

Dennis Schaal | 2 years ago

Analysis: Vacasa Has a Growth Story Neatly Tailored to Wall Street Sensibilities

News Blog

U.S. Vacation Rental Demand Is ‘Quickly’ Decelerating: Report

Traveler demand for vacation rentals in the U.S. is still growing, but the pace has "started to decelerate quickly," according to a report from property manager Evolve. Property manager Evolve's office, as seen in 2017. Evolve That was a major finding in Evolve's report, Vacation Rental Industry Trends: Summer 2022. While vacation rental demand was…

Dennis Schaal | 2 years ago

Short-Term Rentals

Vacasa Is On Top Now But Competition Is Coming

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.

Dennis Schaal | 2 years ago

Hotels

Private Equity Looks to Challenge Vacasa by Backing VTrips Vacation Rental Firm

The vacation rental market is big enough to accommodate multiple players with digital and operational savvy, including both Vacasa and VTrips.

Sean O'Neill, Skift | 3 years ago

Private Equity Looks to Challenge Vacasa by Backing VTrips Vacation Rental Firm

Online Travel

Vacation Rental Manager VTrips Ramps Up Dealmaking and Mulls Going Public

VTrips all but outright says that it's more profitable than its larger rival Vacasa. But we'll only know for sure if they both file to go public.

Sean O'Neill, Skift | 3 years ago

Vacation Rental Manager VTrips Ramps Up Dealmaking and Mulls Going Public

Hotels

Vacasa to Buy TurnKey in Ongoing Rollup Led by Private Equity

This deal cements Vacasa status as the largest full-service property manager for whole-home vacation rentals in the U.S. That makes it a rare pure-play bet on alternative accommodations for its private equity backers, which have prompted Vacasa to consolidate more of the sector.

Sean O'Neill, Skift | 3 years ago

Vacasa to Buy TurnKey in Ongoing Rollup Led by Private Equity