Startups - Vacation Rental - Vacasa
Stock
Vacasa is going public by SPAC route, it merged with TPG Pace Solutions — a special purpose acquisition company that will become publicly traded.
Vacasa (NASDAQ: VCSA) is owned by 39.91% institutional shareholders, 37.47% Vacasa insiders, and 22.62% retail investors.
IPO date 2021, Dec 07, stock price is $9.84. Today(2023, Apr 23) it’s $0.75.
About
Vacasa is the leading vacation rental management platform in North America, transforming the vacation rental experience by integrating purpose-built technology with expert local and national teams.
Marketplace
Guests can relax comfortably in Vacasa’s 40,000+ homes across more than 500 destinations in the United States, Belize, Canada, Costa Rica, and Mexico, knowing that 24/7 support is just a phone call away.
Support one same property show up on vacasa, booking, vrbo, airbnb, marriot and other platforms. The availability is shared across different platforms, however, the price is different. Besides marketing your home on Vacasa.com, we optimize and sync your listing across the top booking sites.
Vacation Rental Management
Vacasa local pros constantly look out for the home, keeping it safe, stocked, and sparkling clean.
Also it provides 24/7 guest support for the home owner.
Vacasa leverages technology to automatically update your prices for maximum revenue
Real Estate
It has a real estate agent team for contact of vacation rental, investment properties sales.
In 2022, it had $20 million revenue. But it will be winding down in Q2 2023.
Vacation Rental Trend from shareholder later (Mar 2023)
Additionally, in the fourth quarter of 2022, we began to see an increase in the number of homes leaving our platform, or churn, which has persisted into 2023. We believe at least part of the elevated churn is due to homeowner rental income coming off of the record highs experienced over the past few years.
Gross Booking Value Gross Booking Value reached $416 million in the fourth quarter, up 10% year-over-year. Nights Sold of 1.1 million were up 5% year-over-year, driven by the addition of homes to the platform. Gross Booking Value per Night Sold reached $363 in the fourth quarter, up 5% year-over-year.
Revenue Fourth-quarter Revenue was $218 million, an increase of 14% year-over-year, largely driven by growth in Nights Sold and Gross Booking Value per Night Sold.
Almost half of the booking value comes to the platform, and the platform still loses money.
Founder Left
1 week ago, Eric Breon, Vacasa’s founder, has decided not to stand for re-election for another three-year term on our board of directors.
Eric Breon Insider trades after step down from CEO in 2020, sold most shares. from 4M to less than 1M shares.