LeisureLink seizes on rental gold rush with $17 million investment
Full steam ahead for vacation rentals in 2016 – with tech provider LeisureLink opening the year with a $17 million round of funding.
The US-based company is being backed by Clearstone Ventures, Kinderhook Industries and Escalate Capital Partners.
LeisureLink claims it has so far secured more than $1 billion in bookings to various vacation rental partners since its inception in 2007.
Clearstone managing director Jim Armstrong says the investment is a “better way” to gain a foothold in the buegeoning alternative accommodation sector than Airbnb, HomeAway and other consumer-facing services.
Growth is good news for vacation rental companies, LeisureLink CEO Julian Castelli says, but the leg-work behind the scenes is “increasingly complex”.
LeisureLink offers distribution, revenue management and business information services to vacation rental owners.
NB: Vacation rental image via Shutterstock.
Kevin is senior editor and a co-founder at Tnooz. He was previously editor of UK-based magazine Travolution and web editor of Media Week UK from 2003 to 2005.
He has worked in regional newspapers (Essex Enquirer) and started his career at the Police Gazette at New Scotland Yard in London. He has a degree in criminology, a postgraduate diploma in magazine journalism and publishes his first book - a biography about Depeche Mode - in early-2017.