9 months ago

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.

It was acquired by VacationRoost in 2014 and later that year the combined companies were renamed LeisureLink.

NB: Vacation rental image via Shutterstock.

Share on FacebookTweet about this on TwitterShare on LinkedInEmail to someone
Kevin May

About the Writer :: Kevin May

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 late-2016.



Your email address will not be published. Required fields are marked *

  1. Bruce Rosard

    Congratulations Julian and team at LeisureLink. One of the lesser known brands in vacation rentals that is building the pipes between supply and demand. Great execution!


Newsletter Subscription

Please subscribe now to Tnooz’s FREE daily newsletter.

This lively package of news and information from Tnooz’s web site provides a convenient digest of what’s happening in technology that drives the global travel, tourism and hospitality market.

  • Cancel