EMERYVILLE, Calif., March 3, 2017 /PRNewswire-iReach/ -- Today, RedAwning.com, the world's largest branded network of vacation rental properties, announced it will acquire VaycayHero, a vacation rental site offering more than 43,000 professionally managed properties in popular destinations throughout the United States. RedAwning will integrate key team members, properties and technology systems into its global distribution platform. The deal will enable RedAwning to further extend its property offerings, expand its marketing opportunities, and grow its technical integrations to include additional PMS systems. Operations for VaycayHero.com will continue as normal, ensuring continuous service for existing property managers and guests.
"We have a great deal of respect for the team and business that VaycayHero has built, particularly, their success in delivering a professionally managed rental experience. They will help us accelerate the growth of our industry-wide standard for 24/7 guest services for vacation rental properties. We're also eager to provide their property managers with our leading marketing and technology expertise that have been proven to drive the highest booking rates in the industry," stated Tim Choate, CEO for RedAwning.
RedAwning makes vacation rental booking and distribution work better for travelers, property managers and online booking websites alike, by adding a unique layer of services for each side of the experience. For travelers, RedAwning provides 24/7 guest support, 100% instant online booking, guaranteed accuracy of properties, and no security deposits. For property managers, RedAwning provides complete integrations, sophisticated marketing optimization, and all reservation and payments processing across every major online booking website. For online booking websites, RedAwning acts as a partner to improve their property content offerings and property performance, often as the single largest marketer on their websites.
RedAwning is the world's largest branded network of vacation rental properties offering 24/7 guest and property manager support services. With over 100,000 unique rental properties in over 10,000 destinations, they are the leading supplier of vacation rentals to major online travel agents and channels, including Booking.com, Expedia, HomeAway/VRBO, Flipkey/TripAdvisor, and Airbnb. RedAwning's mission is to redefine vacation hospitality by combining the ease, trust and consistency of hotels with the extraordinary value and diversity of vacation rental properties.
The company is profitable and self-funded.
In May 2015, RedAwning acquired PerfectPlaces.com and TravelProRentals.com, a complete vacation rental booking platform for travel professionals.
VaycayHero, previously named Zaranga, has more than 43,000 professionally managed vacation rentals in the US. Launched in 2013, VaycayHero is a Y Combinator company that has raised approximately $4.2 million from angel investors and VCs, including FundersClub, Alexis Ohanian, co-founder of Reddit; Garry Tan, Partner at Y Combinator; Scott Banister, co-founder of IronPort Systems, MicroVentures, Hyde Park Ventures, TAMARISC, Structure Capital and others. The company is headquartered in San Francisco, CA.
Media Contact: Kathryn Shantz, Bright Strategic, 415.350.3518., Kathryns@gmail.com
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