M&A Activities in Short Term Rental

Big moves are shaking up the short-term rental world in 2025! Casago made headlines with its \$130M acquisition of Vacasa, taking the company private and signaling a new wave of consolidation. At the same time, OYO’s Belvilla snapped up Australia’s MadeComfy, while operators like AvantStay and StayTerra expanded through targeted acquisitions of boutique managers. With Casago also adopting Guesty as its property management system, the focus is clear: scale, tech integration, and streamlined operations. The STR industry is entering a new era where roll-ups and smarter systems are setting the stage for stronger growth and long-term stability.