05
May
So, you heard from an industry colleague that they sold their 50-unit short-term vacation rental business for a 10 multiple of their EBITDA. While technically that may be true, the buyer was likely not placing a multiple on EBITDA, instead on another financial metric, such as revenue. Over the past few years, we’ve seen a large increase in buyer demand which, in turn, has led to a more competitive M&A landscape in the short-term rental industry. We have also all been a part of a wild macroeconomic rollercoaster. From the COVID “bump” to rapid inflation to massive interest rate hikes, these many factors have played a significant role in the acquisition strategies of industry buyers.
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