Right now, Vacasa only has about a 1% market share of the vacation homes listed in the USA on VRBO and Airbnb, which leaves huge upside for growth in its future. It also sends the vacation property it manages to be listed on 100 independent booking sites to ensure its properties get the most bookings for its customers as possible. For example, Vacasa manages around 47% of all Airbnb listings in Destin, Florida, and 24% of listings there on VRBO. Vacasa manages a growing number of properties for owners listed on those platforms. The company earns a much greater fee for its property management services than it does from its listing platform, so its focus is on acquiring new property owners, not trying to become the next big listing platform. Unlike many other SPAC IPOs that happened over the last few years, Vacasa is actually on track for reaching its growth potential.Īs a vacation property manager first and a listing platform second, Vacasa isn't in direct competition with much larger listing platforms like Airbnb or VRBO. Vacasa was taken public late last year after merging with a special purpose acquisition company, TPG Pace Solutions.

Vacasa charges 30% for its property management and listing services, which may seem like a steep difference, but it's removing a lot of the financial and ongoing management responsibilities from the property owner, saving them time and money in the long run. A standard listing fee is around 5% to 7% on most traditional vacation booking sites.

Companies like airbnb