Online Timeshare Marketplace Service Vacatia Raises $5 Million
Vacatia is a startup that offers an online marketplace of timeshares. Using the service, interested timeshare buyers and sellers can conduct transactions. Currently Vacatia lists properties that are in North America. The sellers that aren’t using their stake in a shared vacation property can list it on the website and reach an audience of interested travelers.
Vacatia’s listings include photographs, property information, amenities, and costs. It also has tools for contacting the seller. Vacatia works with buyers, sellers, real estate agents, and resort managers.
The website currently has around 10,000 listings that represents over $100 million of inventory. The company is working with hospitality brands like Marriott, Wyndham, Starwood, Hilton, etc.
Vacatia plans on using the funding to develop new products and grow their inventory of timeshares.
“Timeshare and fractional ownership programs were in the vanguard of today’s ‘sharing economy’, allowing for shared ownership at affordable prices,” stated Keith Cox, CEO and founder of VLS and Vacatia. “Our mission is to make it easier for consumers to discover compelling vacation ownership options and start building memorable experiences in these amazing properties, located in the most sought after resort destinations. We’re building an end-to-end transactional platform that will deliver liquidity to this market sector and benefit everyone involved in the industry — consumers, of course, but also brokers, agents, developers, homeowner associations and resort managers. We really are looking to be an industry-wide solution to a long-standing industry challenge.”