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Vacasa Grabs $108 Million in New Funding Led by Private Equity Investor Silver Lake

A mountain cabin in Sevierville, Tennessee, that’s managed by Portland, Oregon-based property rental management service Vacasa. Vacasa Skift Take: The coronavirus pandemic made some travel companies seem like dominoes stacked too closely together. But private equity will help some businesses like Vacasa escape this crisis without toppling over. — Sean O’Neill Read the Complete Story […]

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Expedia CEO Details Anti-Google Game Plan

Expedia’s new CEO, Peter Kern, wants to reduce the company’s reliance on Google marketing. Expedia Group Skift Take: Can Expedia Group wean itself away from Google, and avoid performance marketing spending when it doesn’t hit return on investment targets? New CEO Peter Kern said the coronavirus crisis presents an opportunity to chase these goals. Kern […]

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Vacasa Seeks New CEO as Founder Eric Breon Steps Aside

Vacasa founder and CEO Eric Breon spoke with executive editor Dennis Schaal at Skift Tech Forum in San Francisco in June 2019. Vacasa is seeking a replacement for CEO Eric Breon. It has chosen Matt Roberts, former OpenTable CEO, as interim CEO of the vacation rental property management service. Skift Skift Take: Eric Breon grew […]

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Google Bows to European Pressure and Tests Adding Travel Rivals’ Direct Links

Pictured is an Airbnb Luxe property in Provence, France. Under pressure from regulators, Google is testing changes to the way it displays travel, jobs, and local results in Europe. Airbnb Skift Take: Google has argued for years that its boxed-up and featured hotel, flight, and restaurant results are highlighted because they provide users with the […]

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Airbnb Doubles Down on Professional Vacation Rentals in Resort Areas

A sample vacation rental that has been reservable at Booking.com is this property, Villa Zest, in Suratthani on Koh Samui island in Thailand. Airbnb Skift Take: The online juggernaut isn’t satisfied with dominating urban markets. Airbnb wants to take the beaches and the mountains, too, in the battle for short-term rental bookings. So the company […]

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CEO Hints Booking Holdings Is Ready to Buy More Companies

One part of the lobby of the Booking.com headquarters in Amsterdam. The online travel agency is the largest unit in Booking Holdings, which reported earnings on Thursday. Booking.com Skift Take: Falling victim to the so-called law of large numbers, Booking Holdings saw its total revenues for the first quarter drop 3 percent from the prior […]

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Expedia Faces Stiff Headwinds in Rebranded Short-Term Rental Business

Expedia Group’s short-term rental business struggled in the first quarter of 2019. Olivia Carville / Bloomberg Skift Take: When Expedia announced the acquisition of HomeAway in 2015, then-CFO Mark Okerstrom called it “a huge opportunity on a go-forward basis.” Today, it still is, but now-CEO Okerstrom said the short-term rental business must strive to gain […]