Articles tagged “turnkey”

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.

JetBlue's corporate venture capital wing has already picked some winners in the short-term rental sector. That's some progressive thinking for an airline, and Frontdesk wouldn't mind bolstering that record.

If they can't sell their homes, vacation rental owners tend to stay with their property managers. Making the proverbial lemonade out of lemons.

The old boys network is still as strong as can be in online travel and elsewhere. It shows up in several ways, although it was far from a decisive factor, in the pending Vacasa SPAC deal. But those decades-old ties sure didn't hurt, either.

Riding the hot vacation rental market, TurnKey Vacation Rentals did well for its investors — especially if the Vacasa stock price holds up in its pending public market debut.

Airbnb will spend tens of millions of dollars, if not more, on its global advertising and referral campaigns to recruit more hosts, and that's probably a smart move. On the face of it, though, this proves that the company's host sign-up efforts are hardly organic, as one analyst alleged.

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.

Cleanliness standards will guide guest preferences in the years ahead. Short-term rental host practices will have to undergo significant enhancements to cope with that changing consumer behavior — a heightened sensitivity to just how clean their surroundings are as an outgrowth of the coronavirus pandemic.

This news will trigger responses from elated to downright furious, whether you're a Bonvoy member, Marriott hotel owner, a property manager, or just someone concerned about the growth of homesharing around the world.

Does yet another big funding round signal that the vacation rental property market is over-heated? Nah. It's reasonable given the huge size of the opportunity and how much investment will be needed to digitize and automate the sector.