Latest News in the Vacation Rental Industry

On July 1, Towne Bank acquired Venture Resorts, the largest cabin rental company in the Smoky Mountains. With nearly 400 cabins, Venture Resorts provides “accommodations for groups of all sizes visiting the Great Smoky Mountains National Park, the most visited national park in the United States.” With the acquisition of Venture Resorts, Towne now manages over 1900 vacation rental properties across the SouthEast.

Read More

C2G, along with several other industry experts, provided input to VRM Intel on the new wave of investor interest in the short-term vacation rental industry. Jacobie stated, “they all have different objectives when focusing on the short-term vacation rental industry. Some want to disrupt the start-up ecosystem by attempting to solve pain points through technology. Others are trying to ‘roll-up’ different verticals, while others are trying to do a real-estate play. Airbnb’s recent IPO brought a new wave of exposure on our industry.”

Read More

Here’s a quick and easy two-step process to value your vacation rental company. Holding all other KPIs equal (market, growth, operations, pacing, etc.) this will help give you a high-level understanding of what your vacation rental business is worth. Check out the article on LinkedIn!

Read More

Vacasa, the largest vacation rental manager in the United States, acquired their rival Turnkey VR in one of the largest acquisitions in the industry. Jacobie mentioned to Phocuswire, “The acquisition if implemented correctly, will be beneficial to their guests and homeowners alike. The homeowners will have a variety of management models to choose from, and the guests will be privy to more differentiated inventory and a broader range of markets.”

Read More