CVC Group takes stake in Vacation Home Collection
US: CVC group, a leading travel operator, has made “a significant investment” in short-term rental management company Vacation Home Collection.
Vacation Home Collection is “a full-service, tech-enabled short-term rental management company focused on driving revenue for homeowners and providing unique travel experiences to their guests”.
The partners says the investment will be “a huge catalyst in assisting VHC grow and expand its business”. The CVC Group sees “a great opportunity in the vacation rental market and is confident that VHC will become a significant player in the industry”.
“This funding is not venture capital, so the company can focus more on advancing its technology for homeowners and guests. They’ll also be able to put their energy into making customers’ experiences as enjoyable as possible while they’re on vacation and making vacation rentals easier than ever for homeowners,” said a VHC statement.
Stefan Hollands, VP of growth and expansion for the United States and Europe, has led the US expansion for Vacation Home Collection since 2021. He said: “We’ve had a fantastic start in 2022, and I am thrilled to lead VHC Stay’s expansion phase into multiple markets and countries this year.”
CVC Corp, a publicly-held company based in Brazil, is the largest tourism group in Latin America. It has provided comprehensive travel services and experiences to clients for almost 50 years.