Articles tagged “vacasa”

Just as challenging as it is for Airbnb to offer more hotel-like options, it seems in some ways even more daunting for hotel companies to start offering more Airbnb-like accommodations.

Vacasa's interest in partnering with property developers to put more short-term rentals in multi-family communities is part of a broader trend toward greater professionalization of the market. But not all of the players entering the market may avoid being bruised in an eventual economic recession.

Venture capital has awoken in a big way to the potential of vacation rental property managers.

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.

Vacasa CEO Eric Breon doesn't see Airbnb or big hotel companies as competition for his company, which specializes in managing traditional vacation home rentals. But he could use more homes to manage.

Competing against the vacation rental incumbents is pretty tough, but Vacasa's CEO believes there is more than enough business to go around, especially if you can offer owners and consumers something different.

Vacasa spent years building a business before venture capital came along for the ride at this level. Its fate now depends on how well it executes the sometimes-cumbersome task of on-boarding new properties at scale, and whether it can avoid hubris.

Professionally managed vacation rentals, when done right, offer an increased level of confidence for consumers. Vacasa's $35 million in funding is an endorsement of its growth trajectory and that of a key segment of the industry.