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Global Wholesaler Primed for Vacation Rental Market Domination

Tourico Holidays

Global Wholesaler Primed for Vacation Rental Market Domination.

Destination Coverage Increases 250% in 5 Months as Tourico Holidays Prepares to take $87B Industry by Storm.

ORLANDO, Fla. – August 30, 2013 – Renowned for their hotel brokering expertise, innovative wholesale travel leader, Tourico Holidays, has set its sights on mastering another arena of highly profitable travel product: the vacation rental.

With more than 15,000 rental units already available across 200+ destinations worldwide – and a proprietary platform in development to the streamline the booking process – the company’s rental property coverage has already grown by 250%.

Leading the charge is Steve Caron, VP of Vacation Rentals, a seasoned expert in the field with a clear goal. Tourico Holidays plans to make booking a vacation home as simple as booking a hotel.

“By taking the technology a step farther, we will release a second line of the Vacation Home Products that will provide customers real-time booking to a specific unit, or ‘booking by the door,” said Steve. “This innovative offering will give clients a unique lodging choice for travelers and show the actual décor, amenities and physical location of the Villa or Home. All will greatly increase customer satisfaction and retention.”

Tourico Holidays took their first steps into the vacation rental market in 2010 and are now supplying product from more mature markets such as Orlando and Miami, to new and lesser recognized rental destinations, such as Belize, Barcelona and Hawaii.

The product line is available both via the Tourico Holidays booking site and also its XML technology. Any property management companies interested in participating in the programme, should visit: http://exclusive.touricoholidays.com/vacationHomes

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Tourico Holidays Names Steve Caron VP of Vacation Rentals

Tourico Holidays

Tourico Holidays Names Steve Caron VP of Vacation Rentals.
Vacation-Home Industry Expert to Head Rapidly Growing Vacation-Home Rental Business.

ORLANDO, Fla. April 24, 2013 Tourico Holidays, an innovative leader in travel wholesale, today announced the appointment of Steve Caron as Vice President of Vacation Rentals. Caron has more than 20 years of experience in the vacation-home rental business, and has managed tens-of-thousands of vacation rental properties throughout the world, as well as several online booking platforms servicing the industry.

Most recently, Caron was the Co-Founder and Vice President of Business Development for online vacation-rental business, Packlate.com, where he oversaw the technology development as well as all business development and supplier relationships. Prior to Packlate, Caron was the President of VRGateway, the then largest online marketplace for vacation rentals. Earlier in his career, he was CIO/CTO of ResortQuest International as well as Co-Founder of Sterling Resorts, the largest publicly traded and privately owned vacation rental management company in the U.S.

“There’s nobody in the travel industry that can rival Steve’s knowledge of the vacation-rental business,” said Uri Argov, CEO of Tourico Holidays. His experience in this particular industry is extremely rare and he will be a tremendous asset as we continue to globally scale our vacation-rental business to include unique destinations such as Poland, Thailand, Dubai, South Africa and Malta. I’m looking forward to working closely with Steve to advance the reach of our vacation-rental program into all areas of the world and building upon our early success.”

Since launching its vacation-rental business in 2010, Tourico Holidays has become the largest single provider of global vacation home inventory. The company offers inventory in three continents and hosts the deepest selection of vacation homes in top U.S. destinations such as Miami, Orlando, New York City, Las Vegas and Hawaii.

According to an independent study conducted by PhoCusWright, the U.S. vacation home rental market is estimated to be a $25 billion dollar industry, growing over the last several years despite a depressed economy. Moreover, according to PhoCusWright, the vacation home rental market equals 20 percent of all hotel room revenue in the United States, and 8 percent of total U.S. travel spend.

“Vacation home rentals have quickly become a popular alternative to hotels for many travel bargain hunters because of their tremendous value,” said Arnold Walter, President & CEO for FareBuzz.”Working with Tourico Holidays, we have access to thousands of vacation homes around the world at our fingertips. Having a partner that can provide us with immediate, high-quality inventory that fits a range of traveler tastes definitely gives our agency a unique edge on the competition.”

Companies interested in this expanding product line and Property Management Companies interested in participating in the program should visit: www.touricoholidays.com/vacationhomes.

About Tourico Holidays

Tourico Holidays, a subsidiary of Travel Holdings, Inc., is a leading global travel distribution company that contracts directly with travel providers, such as hotel, cruise lines, attractions, ground transportation and more. Tourico Holidays works on a high-volume, wholesale model to broker this inventory to over 4,600 clients in 100 countries using proprietary technology.

Press Contact:
Jeff Pecor
Tailwind PR
802.497.1932
jeff@tailwindpr.com

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Tourico Holidays boasts direct contracts and connectivities with tens-of-thousands of hotel chains and individual properties in thousands of destinations worldwide. Additionally, we have a unique method of contracting specific properties by pre-purchasing room blocks. Continue reading