Wyndham Vacation Rentals, a subsidiary of Wyndham Destinations, was recently acquired by Vacasa. The deal, which was announced in August 2020, makes Vacasa the largest vacation rental management company in North America.
What is Wyndham Vacation Rentals?
Wyndham Vacation Rentals is a vacation rental management company that offers properties across the United States and Europe. The company manages over 9,000 properties in popular destinations such as Florida, Colorado, and Hawaii.
The Acquisition
Vacasa’s acquisition of Wyndham Vacation Rentals was a strategic move to expand its reach and offerings across the vacation rental market. The deal involved Vacasa taking over the management of all properties owned or managed by Wyndham Vacation Rentals.
The acquisition also included a long-term agreement for Vacasa to use the Wyndham brand for marketing purposes. This means that properties managed by Vacasa can still be marketed under the Wyndham name.
What does this mean for customers?
For customers who have booked through Wyndham Vacation Rentals, there will be no immediate changes to their reservations or bookings. Vacasa has stated that it will honor all existing bookings and reservations.
However, customers may notice changes in the future as Vacasa begins to integrate its technology and services into the former Wyndham Vacation Rentals properties. These changes could include improvements to booking systems and customer service.
What does this mean for the vacation rental industry?
The acquisition of Wyndham Vacation Rentals by Vacasa is a significant move in the vacation rental industry. With over 23,000 properties under its management, Vacasa is now the largest vacation rental management company in North America.
This acquisition could lead to further consolidation within the industry as companies look to expand their reach and offerings. It also highlights the importance of technology and innovation as companies seek to improve their services and gain a competitive edge.
Conclusion
The acquisition of Wyndham Vacation Rentals by Vacasa is a significant move in the vacation rental industry. It expands Vacasa’s reach and offerings across North America and highlights the importance of technology and innovation in the industry.
For customers, there will be no immediate changes to their bookings or reservations. However, they may notice improvements in booking systems and customer service as Vacasa integrates its technology and services into the former Wyndham Vacation Rentals properties.