Vacation Rental Industry News

Check out this all-star panel discussing what buyers are looking for in a vacation rental company in regards to technology. Hosted by Jacobie Olin and includes Jakob Dwyer (RealJoy Vacations), Steve Milo (Vtrips), and Zac Monahan (Vacasa). Watch the video below!

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.

Part two of this three part series dives into assembling your staff and rental management contracts for your potential exit. It also looks at how buyers value the owner in daily operations and which clauses are most important in your rental agreements. You can read the article in VRM Intel.

Vtrips expands its presence within Florida and Tennessee with three strategic acquisitions of Resort Collection, Distinctive Beach Rentals, and Resort Property Management. These moves help solidify Vtrips as one of the largest and strongest vacation rental brands in the United States. Vtrips now manages a portfolio of over 3000 exclusive homes and condos.

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.”

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!

In the first segment of this three part series, Jacobie Olin discusses how inventory growth and revenue growth can be the biggest factor for getting you the most out of your vacation rental management company. Check out the article in VRM Intel.

Jacobie Olin, President at C2G Advisors and Olin Realty Group, discusses high level vacation rental business evaluations. What is your vacation rental company worth? Click Here to read the article in VRM Intel.

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.”