Vacation rental tech firm sells B2C sites to ski.com
Terms of the deal were not disclosed but Ski.com, the largest provider of mountain vacations in North America, will integrate its online reservations technology into former LeisureLink sites including VacationRoost.com, MountainReservations.com and BreckenridgeDestinations.com.
Ski.com’s call center is already handling LeisureLink properties.
LeisureLink CEO Julian Castello said in a statement the sale will allow it to allocate more resources to its core vacation rental distribution business, which feeds inventory into brands such as Airbnb, Booking.com and Expedia. It also connects with Ski.com
VacationRoost acquired LeisureLink in 2014 and adopted that company’s name in the process. At the start of this year, it secured $17 million in funding from backers Clearstone Ventures, Kinderhook Industries and Escalate Capital Partners.
As vacation rentals become part of the accommodation mainstream, the technology firms powering that sector are increasingly on the radar of the investment community. LeisureLink’s decision to drop some of its consumer brands and focus on its B2B platform could be a sign that the tech suppliers are allowing the Airbnb/Expedia/booking.com triumvirate to fight amongst themselves for the consumer.
Related reading from Tnooz:
Vacasa raises $35 million to expand rental platform (Apr 2016)
NextPax secures Euro 2.5 million Series A (Feb 2016)
Airbnb, HomeAway, TripAdvisor, Booking, and Rented talk vacation rentals (Nov 2015)
Juliana Shallcross is a guest editorial contributor. She was previously the managing editor of HotelChatter, VegasChatter, and Jaunted for 10 years. Based in LA, she now writes about hotels for a variety of publications including Condé Nast Traveler and LE Miami. She’s also chronicling cool places to take the kids at TripsandGiggles.