RedAwning Achieves 2018 Q3 Same-Store Average Booking Revenue Growth of 23.2%, Outpacing the Industry Average by over 100%, with Some Managers Seeing Growth Rates + 200%
All RedAwning Property Managers have the opportunity to turbo boost growth in bookings and revenue with RedAwning’s beyond connectivity global marketing engine.
EMERYVILLE, CA OCTOBER 25, 2018
RedAwning, the world’s largest collection of vacation properties, achieved Q3 2018 comparable-store average booking revenue growth of 23.2%, for property managers working with RedAwning for at least a year, outpacing the industry average growth rate by more than 100%. This includes some property managers who grew by over 200% year to year with RedAwning.
According to Phocuswright, “In 2016, private accommodations grew 11%, nearly twice as fast as the total U.S. travel market. While growth is expected to slow, the segment will continue to outpace the overall market through 2017.” The 100% higher growth rate for RedAwning participating property managers reflects RedAwning’s unique focus on the growth and success of property managers and their properties in each and every channel, going well beyond the connectivity-only solutions offered by others. RedAwning Group is the leading marketer on every major OTA and vacation rental channel, with full-service technology and marketing expertise to deliver high performance across channels such as Airbnb, Booking.com, Expedia, Homeaway, and many other unique, exclusive channels. Plus, RedAwning Group now offers property manager direct site technology and marketing products to grow every model of online marketing and reservations for participating property managers.
“By working with RedAwning Group, our property managers have access to the world’s largest distribution network and an aggressive partner who focuses on growing their business faster than others in their destinations,” said Tim Choate, CEO and Founder of RedAwning. “By plugging into the global RedAwning engine, RedAwning property managers grow faster and with less work, than they can by working with a connectivity only solution.”
About RedAwning Group
RedAwning Group has been a leading innovator in the vacation rental industry since 2010, with a mission to redefine the customer journey for guests, hosts and managers and to drive new approaches that make the booking and staying experience more consistent, easier, safer and better for all.
RedAwning Group presents the world’s largest collection of vacation properties to the largest alternative accommodations marketing network, and includes a comprehensive layer of services and support with every stay. With over 140,000 properties in over 10,000 destinations, all instantly bookable with a common set of terms and services, the RedAwning Collection simplifies vacation rental travel for guests and property managers alike. The RedAwning Network then distributes those properties as the largest single U.S. supplier to every major travel website, including Booking.com, Expedia, HomeAway/VRBO, TripAdvisor, and Airbnb. RedAwning also operates a number of exclusive vacation property booking websites, including Perfect Places, VaycayHero, TravelPro Rentals, RedAwning.com, and its most recent acquisition Leavetown Vacations and Jetstream by Leavetown, and powers many more.
The company is rapidly growing and backed by Silversmith Capital Partners.
To browse and book the RedAwning Collection, visit RedAwning.com