:
VTrips secures PE investment to accelerate M&A and deploy $250m
Reading Time: 2 minutesUS: Florida-based vacation rental management company VTrips has announced that it received a “significant” minority equity investment from private investment firm Hudson Hill Capital [HHC], with all capital being funded to the balance sheet. VTrips says that it will leverage the investment to accelerate the company’s acquisition strategy and to further strengthen its technology offering. It also expects to […]
VTrips expands portfolio to 3000 properties
Reading Time: < 1 minuteUS: Property management company VTrips is expanding in Florida and Tennessee with the strategic acquisitions of Resort Collection, Distinctive Beach Rentals, and Resort Property Management. The transactions strengthen VTrips’ presence in the two states and take the company’s portfolio to more than 3000 exclusive homes and condominiums. Advisory firm C2G served as consultant to VTrips on the transactions. […]
NextPax announces “world’s first” distribution partnership with Trip.com
Reading Time: < 1 minuteNetherlands: Almere-based channel manager NextPax, which provides channel management technology for vacation rentals, hotels and resorts, has announced a distribution partnership with Asian travel distribution channel Trip.com Group. NextPax claims that the API built in partnership with the Chinese OTA, owned by Skyscanner’s parent company Ctrip, is the “first completely automated connection for vacation rentals”, allowing them to manage their online […]
NextPax and VTrips partnership bears major fruit
Reading Time: 2 minutesUS: Channel manager NextPax and vacation rental property management company VTrips announced a 600 per cent growth in booking rates through the Booking.com platform since their partnership began in 2018. This is also matched by a 35 per cent growth in content scores of VTrips properties. Formerly known as Vacation Rental Pros, before rebranding in 2018, VTrips […]
VRMA tech talk part 1
Reading Time: < 1 minute STRz talks to industry leaders at the VRMA conference about how technology is transforming the vacation rental sector.