With the Spring VRMA conference happening next week, and as I focus more time on helping the next generation of fast-growing, disruptive vacation rental technology companies, I thought it would be fun to look at the landscape of vendors and give you a guide to companies to check out in the showcase next week.
Hot Companies
I turned to LinkedIn to track the size and speed at which different companies are growing. If you haven’t done it before, check out the Insights tab to figure out if a company you’re thinking of working with is big or small or growing fast or is a sinking ship. For the hot companies list, I looked at companies that are at least 50 employees and at least doubled in size over the last 2 years. Note: for simplicity, I left out OTAs, non-tech companies (like linen suppliers or business brokers), and companies that aren’t primarily focused on vacation rentals (like Avalara).
Company | Employees | 1 Year Growth | 2 Year Growth |
---|---|---|---|
Beyond | 263 | 36% | 104% |
Turno | 137 | 38% | 219% |
AirDNA | 123 | 26% | 116% |
Breezeway | 95 | 36% | 111% |
PriceLabs | 91 | 102% | 435% |
Hostfully | 79 | 52% | 172% |
Hostaway | 74 | 30% | 111% |
Key Data | 58 | 29% | 164% |
So if you’re looking for help with data and revenue management (Beyond, Key Data, AirDNA, and PriceLabs), cleaning and operations (Turno and Breezeway), or a new PMS (Hostfully and Hostaway), these are the companies that are a bit more established than our Up and Comers (see next section) but are clearly onto something as they’re growing the fastest!
Up and Comers
For the Up and Comers, we looked at companies with more than 5 employees that more than doubled in size over the last 2 years. It’s a pretty exciting list. Keep your eye on these companies as they are likely on to something if they’re growing this fast. If you’re an early adopter who likes new technology, be sure to check them out.
Company | Employees | 1 Year Growth | 2 Year Growth |
---|---|---|---|
Angel Host | 41 | 41% | 116% |
Safely | 39 | 70% | 129% |
Aidaptive | 36 | 80% | 1000% |
Hospitable.com | 35 | 35% | 150% |
Minoan | 24 | 33% | 118% |
sojo | 22 | 144% | 1000% |
OwnerRez | 22 | 47% | 144% |
HostGPO | 18 | 80% | 500% |
Better Talent | 15 | 50% | 150% |
OK2Charge | 15 | 114% | 150% |
Touch Stay | 14 | 40% | 100% |
Uplisting | 12 | 71% | 140% |
CanMonkey | 10 | 43% | 150% |
Guest Ranger | 8 | 300% | 300% |
Topkey | 7 | 75% | 133% |
StayFI | 6 | 50% | 200% |
There’s an interesting array of companies here: insurance (Safely), guest supplies and furnishings (sojo, Minoan, and HostGPO), recruiting and hiring (Better Talent), electric car charging (OK2Charge), trash can servicing – I need this for my property! (CanMonkey), guest screening (Guest Ranger), guest guidebook and messaging (Touch Stay), guest Wifi (StayFI), corporate credit card and expense management (Topkey), outsourced reservations and booking (Angel Host), and of course, property management systems (Hospitable, OwnerRez, and Uplisting).
The Old Guard
And finally, there’s the list of the old regulars. For these, I looked at companies with at least 20 employees growing less than 20% over the last year and less than 50% over the last 2 years. These are the folks holding steady. They have a good customer base but just aren’t quite growing that fast. For those in the Hot Company category, check these folks out as there’s a lot you can learn from them.
Company | Employees | 1 Year Growth | 2 Year Growth |
---|---|---|---|
Streamline | 100 | 11% | 11% |
RemoteLock | 78 | 7% | 28% |
RedAwning | 73 | 1% | 9% |
Bluetent | 56 | -15% | -24% |
TruPlace | 51 | -6% | -7% |
CiiRUS | 39 | 18% | 0% |
InterCoastal Net Designs | 38 | 0% | 6% |
VacayHome Connect | 37 | 9% | -3% |
LMPM | 29 | 12% | 26% |
Escapia | 23 | 5% | -15% |
RealTech Webmasters | 21 | 11% | 17% |
For the full list of vendors in my research, check out the Google Sheet here and feel free to copy and play with the data: https://docs.google.com/spreadsheets/d/1GQPeGaE-Kytmucm0I514aK3sVCpg1yVwVgRJ_UjOQmw/edit?usp=sharing There’s plenty of other great companies in there that didn’t quite make the growth cutoff but are big and important like Guesty and TravelNet and Lynx, Vintory, and Xplorie!
Have a great conference!