Vacasa, Inc. Provides Earnings Guidance for the Year 2023
November 07, 2023 at 05:00 pm EST
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Vacasa, Inc. provided earnings guidance for the year 2023. The company now expect 2023 revenue to decline by 7% to 6% year-over-year. At the midpoints of guidance, this implies expected 2023 revenue about $75 million lower than last year.
Vacasa, Inc. is engaged in providing a vacation rental management platform in North America. The Company's integrated technology and operations platform is designed to optimize vacation rental income and home care for homeowners, offer guests an experience, and provide distribution partners with a variety of home listings. The Company's Guest app, Vacasa.com, helps guests to search, discover and book properties. The Guests from around the world utilize the Companyâs technology and services to search and book Vacasa-listed properties in the United States, Belize, Canada, Costa Rica, and Mexico. The Company provides home care solutions provided directly to homeowners such as home maintenance and improvement services, linen and towel supply programs, supplemental housekeeping services, and other related services. The Company also provides other offerings, such as real estate brokerage services and residential management services to community and homeowner associations.