Vacation Rental Industry Ripe for Acquisitions

2014 has already seen key acquisitions by growing vacation rental management companies, with several big announcements on the way. Late last year, Wyndham purchased Hatteras Realty, and this year Vacasa acquired Utah Vacation Homes, Resort Realty bought the VR operations of Colony Realty, Seaside Vacations bought JoHank Rentals, Turnkey Vacation Rentals purchased Coastline Adventures, Long & Foster acquired several companies in New Jersey, and Invited Home recently purchased Maui Blue.

STRAC Management Moves Under Travel Tech Umbrella

Airbnb, HomeAway and TripAdvisor have joined Travel Tech and moved the management of the Short Term Rental Advocacy Center (STRAC) under the Travel Tech umbrella.

Formed in early 2013, STRAC was created through a coalition of Airbnb, HomeAway and TripAdvisor to provide resources to help hosts, homeowners and rental managers legalize and legitimize short term rentals in their communities.