Vacasa today announced its partnership with TPW Vacation Rentals of Bondville, VT. The company will assume management of more than 80 short term vacation homes in the Killington, Stratton, Mt. Snow and Okemo markets, where TPW will continue to provide their association management services.
Following a $35 million Series A deal last month, Vacasa is on track to become the largest player in the vacation rental industry, which is predicted to reach 169.7 billion by 2019.
Over the past three years, Vacasa has fueled growth through heavy investment in acquisitions and since then has closed 29 deals.
“This deal is really a result of a shared vision between TPW and Vacasa,” says Paul Carroccio, CEO of TPW. “We endeavor to provide TPW clients with the best customized service possible, and we feel confident that our vacation rental customers can continue to expect the same and more from Vacasa.”
Currently, TPW manages thousands of homes in the New England market and has expanded its Vermont and New Hampshire footprint every year since its inception. According to Vacasa, the partnership is an opportunity to gain market share in Vermont and the larger New England region, where it currently manages 211 properties. The company manages thousands of vacation
rentals on the west coast, and now plans to increase inventory in east coast vacation markets.
”This deal enables Vacasa to increase our market share in a desirable area with a strong winter market, and provide guests with another destination option when booking with Vacasa,” says the company’s founder and CEO Eric Breon. “We are proud to now provide TPW owners with top of the line resources to optimize booking processes, including yield management technology, improved marketing, and SEO.”
In 2016 alone, Vacasa has acquired nine companies, including Black Diamond in Sun Valley, ID, All Seasons Collection Fredricksburg, TX, MiaVac in South Beach, FL, Island Escapes in Naples, FL. and Discover Sunriver in Sunriver, OR, adding over 500 properties to their inventory.