/PRNewswire/ VTrips, one of the fastest-growing vacation rental management companies in the United States, announced the acquisition of Southern Vacation.
VTrips has acquired Southern Vacation Rentals, one of the largest independent property management companies in Florida. Founded in 1995, Southern Vacation Rentals (Southern) has 123 employees and manages 1,120 whole-home vacation rentals along the Northern Gulf Coast from Fort Morgan, Alabama to Panama City Beach, Florida. Southern is just the latest in a string of […]
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The vacation home rental business was more resilient than expected during the pandemic, and operators of all sizes are looking to hotel-style operations to capitalize on further growth opportunities.
Summer travel demand is expected to heat up quickly across all markets, especially in regions like the northeast where most business restrictions are easing by the end of this month. Short-term rental occupancies averaged 34 percent in the Mid-Atlantic states and 30 percent in New England in March and April, according to Key Data. But that is expected to jump to 56 percent and 51 percent, respectively, this summer based off forward bookings.