- The vacation rental industry is one of the hottest parts of the real estate market now, driven by tech enabled platforms that have improved the booking experience for guests.
- The supply side of the market, however, faces challenges and many homeowners experience challenges managing their properties.
- Vacasa, one of the leading vacation rental property management firms, offers a tech-enabled solution that provides value for homeowners while connecting guests to more than 400 destinations in North America.
- It manages over 30,000 units, with nights sold through its platform having grown close to 3x over the past two years to 1.4 million in Q2. The company plans to step up investments in its platform with proceeds from its SPAC transaction, which is expected to deliver gross cash proceeds of $485 million.
- With a record Q2 that saw revenue grow 247% y/y to $248 million, Vacasa is an exciting growth play with many years of growth ahead in an industry with all the right tailwinds.
For further details see:
Vacasa Well Positioned To Continue Impressive Growth