Vacasa announces layoffs to 13% of workforce - PhocusWire
Summary
Vacasa, a major vacation rental management company, is laying off 13% of its workforce. This news suggests potential shifts in the STR market. Hosts should monitor market trends and consider the impact on property management services.
Key Insights
- •Vacasa is laying off 13% of its workforce. This could indicate a slowdown or challenges within the vacation rental market.
Action Items
- ✓Hosts should monitor their own occupancy rates and revenue to assess potential changes in their local markets.Effort: lowImpact: medium
Common Mistakes
- ⚠A potential mistake would be to ignore market trends, which could lead to missed opportunities for adjusting pricing or marketing strategies.
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