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RedAwning Group

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RedAwning Group
ISIN🆔
IndustryHospitality
Founded 📆March 2010 in Berkeley, California, United States
Founder 👔Tim Choate
Headquarters 🏙️,
Emeryville, California
Area served 🗺️
Key people
Tim Choate; Founder, CEO.
Members
Number of employees
99
🌐 Website[Lua error in Module:WikidataIB at line 665: attempt to index field 'wikibase' (a nil value). ] 
📇 Address
📞 telephone

RedAwning Group is a vacation rental platform that provides hotel-style online booking services for vacation rental properties.[1]

History[edit]

RedAwning was founded in March 2010 in Berkeley,[2] California by Tim Choate. In Fall 2017, the company raised over $40 Million in funding.[3][4] Silversmith Capital Partners led the round.[2] The funding was used to double its staff and expand its business model to other territories.[5]

In 2015, RedAwning Group completed the acquisition of Perfect Places, Inc. A vacation rental listing website for an undisclosed amount.[6]

In February 2017, RedAwning partenered up with Expense management provider TravelBank to offer user incentives to corporate clients.[7] Later in March, the company acquired VaycayHero, a vacation rental site for properties in the United States.

In April 2017, RedAwning began taking steps to comply with a San Francisco city ordinance that required companies that collect a fee to arrange rentals of unregistered homes to register these properties.[8]

In October 2017, the company was chosen by the San Francisco Business Times as one of the fastest growing companies in the Bay Area.[9]

In February 2018, Inntopia announced a RedAwning integration.[10]

In April 2018, RedAwning bought web services company Blizzard Internet Marketing and rebranded to RedAwning Group.[11] The Blizzard purchase price was not disclosed.[12] This purchase was followed by a Choice Hotels integration with RedAwning.[13]

In May 2018, RedAwning Group partnered up with Choice Hotels to increase the number of condominiums in 35 US resort destinations.[14]

Functionality[edit]

RedAwning operates by partnering up with competitors' websites like Expedia, Priceline and Booking.com to insert itself as a liaison between the guest and the property manager to improve the vacation rental experience.[12] Unlike most short-term rental sites, RedAwning does not require a proof of identification like a photo or driver’s license.[15]

In June 2018, RedAwning partnered up with Amazon to offer their services through Amazon's Alexa for Hospitality technology[16][17]

Operations[edit]

As of 2018, the company offers over 100,000 unique rental properties in over 10,000 destinations, including 40,00 properties in North America on behalf of 800 property managers.[12]

References[edit]

  1. Rosenbloom, Stephanie. "New Ways to Find and Book the Perfect Vacation Rental". The New York Times. Retrieved 24 July 2018.
  2. 2.0 2.1 Griffith, Erin. "Term Sheet -- Tuesday, Aug. 8". Fortune. Retrieved 24 July 2018.
  3. O'Neill, Sean (11 August 2017). "Vacation Rental Network RedAwning Attracts $40 Million Round: Travel Startup Funding This Week". Skift.
  4. Reyes-Velarde, Alejandra. "Vacation rental network RedAwning snags $40 million funding". www.bizjournals.com. Retrieved 24 July 2018.
  5. O'Neil, Sean (11 August 2017). "Vacation Rental Network RedAwning Attracts $40 Million Round: Travel Startup Funding This Week". Skift.
  6. Staff. "RedAwning Acquires Perfect Places, Inc". The Business Journals.
  7. DeLuna, JoaAnn. "Expense Newbie TravelBank Signs Incentive Partners: Business Travel News". www.businesstravelnews.com. Retrieved 24 July 2018.
  8. Said, Carolyn (1 August 2017). "SF warns home-stay companies that hosts must register". SFChronicle.com. Retrieved 24 July 2018.
  9. Uwe, Gerard. "REDAWNING SELECTED TO SAN FRANCISCO BUSINESS TIMES' LIST OF 100 FASTEST GROWING PRIVATE COMPANIES IN THE BAY AREA | 13.09.17 | finanzen.at". finanzen.at. Retrieved 15 August 2018.
  10. Clapp, Donnie. "Inntopia Announces RedAwning Integration | Inntopia". Inntopia. Retrieved 14 August 2018.
  11. Hinote, Amy. "RedAwning.com purchases Blizzard Internet Marketing and rebrands to Red Awning Group - VRM Intel". www.vrmintel.com. Retrieved 24 July 2018.
  12. 12.0 12.1 12.2 Said, Carolyn (23 August 2017). "Startup seeks to make vacation rentals more hotel-like". SFChronicle.com.
  13. Ting, Deanna (25 April 2018). "Choice Hotels Expands Its Vacation Rental Portfolio with Listings from RedAwning". Skift.
  14. スタッフ (21 May 2018). "【速報】ホテル軒数世界2位のチョイスホテルズ、民泊事業に本格参入 コンフォートホテルなど展開". 民泊・ホテル専門メディア Airstair (in 日本語).
  15. Trager, Marion Kirkpatrick. "Renter with fake ID hosts party, trashes short-term rental in East Nashville". WSMV Nashville. Retrieved 24 July 2018.
  16. Suppe, Ryan. "Alexa, what time's checkout? Amazon introduces Alexa for hotels". USA TODAY. Retrieved 24 July 2018.
  17. Prince, Todd (19 June 2018). "Amazon announces version of Alexa for hotels". Las Vegas Review-Journal. Retrieved 8 September 2018.

External links[edit]


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