Tech-enabled vacation rentals platform Vacasa has bought Oasis Collections for an undisclosed sum, gaining access to new international markets and bringing its total inventory to some 10,600 properties.
The move comes just under twelve months since Vacasa picked up more than $100 million in a Series B round. At the time, CEO Eric Breon told tnooz that the business was looking to add inventory into its proprietary platform, which had been developed to be scalable.
“The main constraint on the business is, by far, inventory not consumers. We’re very good at bookings, but even if we were to get that absolutely perfect we would only be, say 20% better because there are only so many days in the year people can travel, only so much you can charge per night.
“But on the supply side we can grow 100X, there’s so much inventory out there. That is how the business will grow in the next few years, bringing more bookable properties onto our platform.”
The inventory that Oasis brings to Vacasa covers “popular U.S. and international destinations including Barcelona, Chicago, London, Milan, Paris, and Santiago…” The Oasis site talks about “thousands of curated homes”.
Oasis founder and CEO Parker Stanberry will join Vacasa and will be tasked with growing international and corporate business. Oasis has a strong corporate business with clients including McKinsey and Ernst & Young.
A statement from Vacasa said that it “plans to maintain Oasis’ footprint and retain all of the company’s employees.”
Oasis was founded in 2009. Last year Hyatt bought a minority stake in the business and started to offer Oasis inventory as part of its Unbound Collection and also offering World of Hyatt points for bookings.
A statement on the Unbound Collection home page today says:
“We recognize that customer demand for the alternative accommodations offering remains strong for occasions when travelers seek more space or a longer stay, and we will continue to evolve our approach as to how we might best serve that need, which may include discussions with Vacasa.”