Company Will Leverage Roberts’ Operational Expertise as It Continues Global Expansion
May 21, 2019 08:00 AM Eastern Daylight Time
PORTLAND, Ore.--(BUSINESS WIRE)--Vacasa, North America’s largest vacation rental company, has appointed Matt Roberts, former CEO of OpenTable, to the company’s board.
A seasoned technology executive, Roberts is well recognized for his tenure at restaurant booking service OpenTable (NASDAQ: OPEN), where he served as CFO from 2005 to 2011 and CEO from 2011 to 2015. During this time, the company's restaurant customer base grew from 3,000 to 32,000 and cumulative seated diners grew from just under 12 million to more than 830 million. As CFO, Roberts successfully led OpenTable through an IPO in 2009, and as CEO he negotiated the sale of the company to the Priceline Group (now Booking Holdings) for $2.6 billion in cash.
Prior to this, Roberts was a guiding force in the transition from the private to the public markets of online consumer lending group E-LOAN (NASDAQ: EELN) as CFO and digital money transfer provider XOOM (NASDAQ: XOOM) as a member of the company’s board. He currently serves on the board of Quantcast, a provider of data-driven programmatic and digital advertising, and Snag, an online staffing platform.
Roberts joins Vacasa’s board of directors at a pivotal time for the company as it experiences another consecutive year of 60% growth in both revenue and inventory. Vacasa currently operates in 30 U.S. states and 16 countries outside of the U.S., and plans to continue both domestic and international expansion.
“The vacation rental industry is experiencing tremendous growth with the significant shift in consumer preference toward professionally managed homes,” said Roberts. “Vacasa is poised to become the leading brand in the space, which is an exciting time to join the board. I look forward to lending my experience to help Vacasa scale into its next stage of growth.”
In addition to caring for more than 13,000 homes around the world, Vacasa has launched a suite of services including Vacasa Real Estate, Vacasa Community Association Management and Vacasa Interior Design. The company is investing strategically in technology and tools to better serve homeowners and guests, with a focus on becoming the one-stop shop for all things vacation rental.
“We couldn’t be more pleased to welcome Matt Roberts to our board of directors,” said Vacasa founder and CEO Eric Breon. “His experience with rapid growth companies that utilize technology to solve complex problems for consumers, in addition to his expertise in facilitating strategic growth, make him an ideal fit for Vacasa.”
Vacasa is North America’s largest vacation rental company and offers property management and other real estate services directly and through licensed subsidiaries. Leveraging industry-leading technology, Vacasa maximizes revenue for homeowners and its partners, and provides unforgettable experiences for guests. Vacasa and its subsidiaries manage a growing portfolio of more than 13,000 vacation homes in the U.S., Europe, South and Central America, and Africa. Since its founding in 2009, Vacasa has grown to more than 3,000 employees, has been honored as the Oregon Better Business Bureau Large Business of the Year and was ranked ninth on the Inc. 5000 Fastest-Growing Companies list. For more information, visit www.vacasa.ca.