REDAWNING SELECTED TO SAN FRANCISCO BUSINESS TIMES' LIST OF 100 FASTEST GROWING PRIVATE COMPANIES IN THE BAY AREA
EMERYVILLE, Calif., Sept. 13, 2017 /PRNewswire-iReach/ -- Today, RedAwning, Inc., the largest global branded network for vacation property rentals, announced that it has been selected to San Francisco Business Times' list of 100 Fastest Growing Private Companies in the Bay Area. The complete list will be announced on October 17, 2017.
RedAwning's fast-growing and profitable model is aimed at helping property managers go beyond listing their properties across leading channels like Expedia, Booking.com and Airbnb -- to help them secure actual bookings and repeat bookings. By providing consistent booking standards across properties, 24/7 customer support, optimized marketing, distribution, and technical integration the company is simplifying the process while improving the bottom line for property rental management businesses.
"More than a third of revenues -- resulting in millions of dollars -- are being driven to some of our largest property managers. We're also saving them the tedious, time-intensive work of manually optimizing hundreds of property listings," stated Tim Choate, CEO and co-founder of RedAwning. "We attribute our success to a strong focus on technology and customer service enabling us to best serve travelers, property managers, and our global OTA partners."
Last month, RedAwning announced it has secured an initial investment of $40 million led by growth equity firm Silversmith Capital Partners, which it will use to further accelerate its innovative technology and expand into new global markets. The company is already on track for a $100M booking run rate in 2017.
RedAwning is the world's largest branded network of vacation rental properties, combining a layer of consistency and trust with 24/7 guest and property manager support services for every stay. With over 100,000 unique rental properties in over 10,000 destinations, RedAwning is the leading supplier of vacation rentals to every major online booking website, including Booking.com, Expedia, HomeAway/VRBO, FlipKey/TripAdvisor, and Airbnb. RedAwning's mission is to redefine vacation hospitality by combining the ease, trust, and consistency of hotels with the extraordinary value and diversity of vacation rental properties.
Media Contact:Michelle Dissel, RedAwning.com, 510-298-1194, firstname.lastname@example.org
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