Casago unwinds Vacasa into local franchises
The sector's largest management consolidation is complete. Owners who listed with Vacasa are re-sourcing local management, and management-company M&A multiples have just reset.
OTA Policy Radar
Vacasa is no longer a single national operator. Casago has sold all but roughly 600 of Vacasa’s roughly 32,000 units to local operators, most converted into franchises (Skift, July 2026). The company that was once North America’s largest first-party vacation-rental manager is now a franchise brand.
What changed
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