Shakeup at Casago — Or Is It Vacasa?
Summary
The vacation rental industry is seeing leadership changes, particularly with private equity-funded companies. Casago, following its acquisition of Vacasa, faces challenges in converting Vacasa's properties into franchises, with franchisees expressing concerns about new fees and a shift in leadership. The institutional influence prioritizes standardized revenue growth.
Key Insights
- •Casago completed a $130 million acquisition of Vacasa in spring of 2025. This deal followed a period of financial distress for Vacasa, with a 97% drop in market valuation from its IPO.
- •Institutional investors' influence is leading to a prioritization of standardized revenue growth over the original 'people-first' leadership philosophy.
Action Items
- ✓Hosts with properties under Casago or considering franchise options should carefully evaluate the impact of leadership changes, new fees and institutional influence on their business.Effort: lowImpact: medium
Tools & Resources
- →VRM Intel: VRM Intel published the original article.
Common Mistakes
- ⚠Franchisees who signed up with Casago under the original leadership are questioning their future with the brand.
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