How tech is disrupting the vacation rental market [Video] | Yahoo! Finance

The Portland, Oregon–based startup says its dynamic pricing system guarantees homeowners they’ll make more money with Vacasa than any other platform, including Airbnb.

Johnson explains that Vacasa’s newly revamped pricing software considers hundreds of real-time data points for its 5,200 rental properties in 17 US states and 10 countries including Italy, Spain, France, Chile, Costa Rica and Belize, with plans to enter South Africa.

Vacasa looks at factors such as location, home size, and market rates, as well as local events, like wine or film festivals, that can trigger demand for a particular property.

The pricing model is designed to boost income for homeowners, but Johnson says it can also help renters. Typically, vacation rentals, such as hotels, are priced based on the season. But Vacasa argues that even within those seasons, rates can and should fluctuate.

Read complete article here:

How tech is disrupting the vacation rental market [Video].