The Rentals United World’s Top 50 Property Managers is our annual ranking of the largest, most industry-redefining vacation rental companies worldwide. These global brands consistently adapt to stay ahead of a market that, in 2026, changed shape more sharply than in any year since the pandemic.
The top 50 is the definitive ranking of the largest short-term rental property managers in the world by portfolio size, compiled and published annually by Rentals United.
TL;DR
The 2026 list looks very different from the 2025 one, and not because the industry grew.
Here is what changed:
- The biggest company in the world is Awaze, with 110,000+ properties across 36 countries and six brands. Interhome follows at around 70,000, now owned by HomeToGo.
- Scale changed hands rather than accumulating. Casago acquired Vacasa in May 2025 to create a 40,000-property group, then sold every former Vacasa market back to local operators, completing the last transition in September 2026. Three new companies on this list (Avari, VueStay, and First Chair) are that portfolio reconstituted.
- Sonder, last year’s number three, no longer exists. Marriott terminated its licensing agreement in November 2025. Sonder wound down and entered Chapter 7 liquidation, and LuxUrban followed it into Chapter 11.
- Regulation is now the main constraint on where large portfolios can grow. EU Regulation 2024/1028 has applied since 20 May 2026. Spain’s enforcement alone accounted for 77% of Europe’s net demand decline in September 2026, according to AirDNA.
- Mid-sized operators outperformed the giants. Operators with 100+ units generated roughly a quarter of European revenue but 79% of the summer demand decline. Those running 6 to 99 units were the only bands growing demand at all.
- 2026 was a rate-led market. RevPAR gains across Europe and the US came almost entirely from ADR, not occupancy, against the weakest supply growth since the pandemic.
How we compiled the list, and what the numbers mean
Companies are ranked by portfolio size, using the most recent figure we could verify from a primary source: the company’s own published data, a regulatory filing, or dated trade press. Where a company publishes no figure, we say so rather than estimating.
Not every portfolio on this list is managed the same way, and the numbers are not all measuring the same thing. We’ve made that explicit in each entry rather than hiding it:
- Managed. The company runs the property: pricing, guests, check-in, cleaning, and maintenance.
- Marketed. The company markets and distributes the property, usually under exclusive agency, while the owner or a local operator handles day-to-day work. Awaze, Sykes, and Homerez all operate this way.
- Network. The figure aggregates independently owned franchises or member agencies under one brand. Feriepartner, Casago, SkyRun, and Pass the Keys are network counts.
- Listed. The figure is marketplace inventory, not properties under contract.
Where a company has been acquired but still trades under its own brand and portfolio, we rank it under that brand and note the owner. Where a brand has been absorbed into another company on this list, we don’t count it twice. Figures are current as of October 2026.
The world’s top 50 vacation rental Property Management Companies
Casago / Vacasa|Awaze | Sonder | Onefinestay |Evolve | Interhome |Skyes Holiday Cottages | Homerez | Direct Booker | The Travel Chapter | Feriepartner | Sol og Strand | Houst | Original Cottages | Hostnfly || | Lomarengas | Hosteeva | Esmark | iTrip Vacations | VTrips | My Property Host | BungalowNet | GuestReady | Italianway | Ruralidays |Avantstay | Altido | Happy Holiday Homes | City Relay | Veeve | Homerti | Brett-Robinson | Pillow | CorpHousing Group | Renters P.L | Engel & Völkers | Elliott Realty | Meyer Vacation Rentals | Cocoonr | SkyRun Vacation Rentals | Pass The Keys | Airgreets | Meredith Hospitality | StayMarquis | Village Realty | Kinlin Grover | Kasa Living | Panhandle Getaways | City Break Apartments
1. Awaze
Awaze is the largest vacation rental business in the world, with over 110,000 properties across 36 countries. It was formed in 2018 when Platinum Equity acquired Wyndham Worldwide’s European vacation rental arm. Today it operates through six consumer brands: NOVASOL (50,000+), Hoseasons (29,400+), cottages.com (23,000+), James Villas (5,500), Ardennes-étape (2,000+), and Fincallorca (1,300+).
Awaze is the clearest proof on this list that owning the guest relationship works. 72% of its bookings came direct in 2025, more than half its revenue came from repeat customers, and over 90% of its properties are listed exclusively with its brands. FY2025 EBITDA rose from €34m to €42m and its pre-tax loss narrowed 32%, on flat gross accommodation revenue of €1.4bn.
In February 2026 it became the first European vacation rental group to launch apps inside ChatGPT, letting travellers search live cottages.com and NOVASOL availability in-chat. That sits inside a £45m annual technology investment.
| Number of vacation rentals: | 110,000+ | ||
|---|---|---|---|
| Locations: | Multi-country (36) | Market: | Multi-market |
| Property type: | Leisure rentals (cottages, villas, chalets, lodges) | Service: | Marketed, exclusive agency |
| HQ: | Lowestoft, Suffolk, UK | Founding year: | 2018 |
| Number of vacation rentals: | 30,000 | ||
| Locations: | Multi-country | Market: | Multi-market |
| Property type: | Leisure rentals (villas, chalets, cottages) | Service: | Full-service property management |
| HQ: | Barnoldswick, Lancashire, UK | Founding year: | 1969 |
2. Interhome
Interhome manages around 70,000 holiday homes for some 30,000 owners across 200 destinations, making it Europe’s second-largest vacation rental business. Founded in Switzerland in 1965, it runs 15 national offices and over 200 local service offices under the Interhome and Interchalet brands.
HomeToGo completed its acquisition of Interhome on 28 August 2025, buying it from Migros for CHF 150m enterprise value plus up to CHF 85m deferred through 2029. Interhome’s B2C site relaunched on HomeToGo’s platform that November. In October 2026 HomeToGo appointed Dr. Christine Prauschke to its Management Board to lead HomeToGo Originals, the division housing Interhome.
One caveat on the figure: Interhome offers owners three tiers, Full Service, Self Management, and Professional Partners. Not all 70,000 properties are fully managed.
| Number of vacation rentals: | ~70,000 | ||
|---|---|---|---|
| Locations: | Multi-country | Market: | Multi-market |
| Property type: | Leisure rentals (apartments, chalets, villas, cottages) | Service: | Mixed: full-service, self-management, and partner tiers |
| HQ: | Switzerland | Founding year: | 1965 |
3. Casago / Vacasa
Following the completion of Casago’s acquisition of Vacasa in April 2025, the two companies have merged to form one of the largest vacation rental management firms in North America. Casago, originally a leading property manager in the Southwest US and Mexico with an owner-centric, franchise-driven model, acquired Vacasa, a much larger company known for its advanced technology and extensive portfolio, for $130 million.
The combined entity now manages over 40,000 vacation rental properties across North America, Belize, Costa Rica, and the Caribbean, leveraging Casago’s local expertise and Vacasa’s scale and technology.
| Number of vacation rentals: | 40,000+ at merger close (May 2025); current network size not disclosed | ||
|---|---|---|---|
| Locations: | Multi-country: USA, Mexico, Costa Rica, Belize, Caribbean | Market: | Multi-market |
| Property type: | Leisure rentals | Service: | Network, full-service via franchise |
| HQ: | Portland, Oregon, USA | Founding year: | 2001 |
3. Evolve
Evolve works with over 30,000 property owners across the United States, making it North America’s second-largest vacation rental manager.
Its model has changed and the old shorthand no longer fits. Evolve now runs three tiers: Core at 10%, Plus at 15%, and a custom Pro tier. Even Core includes guest communication, AI-powered dynamic pricing, damage protection, and access to a vetted on-the-ground support network. Evolve calls this a hybrid approach, and there is no marketing-only option on its current pricing page.
In November 2025 Evolve acquired Guestworks from Vacasa, migrating around 1,000 homeowners onto its platform.
We interviewed Brian Egan, CEO of Evolve, on the Secret Sauce Podcast. Listen and read the episode here.
| Number of vacation rentals: | 30,000+ | ||
|---|---|---|---|
| Locations: | Single-country (USA) | Market: | Multi-market |
| Property type: | Leisure rentals | Service: | Managed, hybrid and tiered (10% / 15% / custom) |
| HQ: | Denver, Colorado, USA | Founding year: | 2011 |
| Number of vacation rentals: | 28,500 | ||
| Locations: | Multi-country | Market: | Multi-market |
| Property type: | Urban apartments | Service: | Full-service property management |
| HQ: | San Francisco, California, USA | Founding year: | 2014 |
4. Onefinestay
Onefinestay is a leading vacation rental property manager offering personalized stays and services in the finest homes and villas around the world. Acquired by AccorHotels in 2016, the company manages 20,000 handpicked villas in leisure destinations. Onefinestay’s unique approach to short- and medium-term renting appeals to a diverse range of guests, from families to celebrities.
| Number of vacation rentals: | 20,000 (+12% YoY) | ||
| Locations: | Multi-country | Market: | Multi-market |
| Property type: | Leisure rentals (villas, chalets, cottages) | Service: | Full-service property management |
| HQ: | London, UK | Founding year: | 2010 |
5. Sonder
Sonder is a tech-enabled hospitality company combining the best of hotels and vacation rentals. The company is redefining the travel experience through the unique design and modern service that includes keyless entry, digital concierge services and more. Some of their key moves include the launched Sonder X coworking spaces, integrated GenAI guest support.
With over 28,500 units (+25% YoY) across 40 cities around the world, Sonder recently reached a $1.3 billion valuation in 2022, before undergoing a significant business model pivot at the end of the year by restructuring its operations to focus on core markets.
| Number of vacation rentals: | 16,000 (+20% YoY) | ||
| Locations: | Single-country | Market: | Multi-market |
| Property type: | Leisure rentals (villas, chalets, cottages) | Service: | Exclusive marketing |
| HQ: | Denver, Colorado, USA | Founding year: | 2011 |
6. Interhome
Interhome is one of Europe’s largest and most established vacation rental providers, managing approximately 40,000 vacation rentals across more than 27 countries.
Founded in 1965 and headquartered in Glattbrugg, Switzerland, the company operates 15 national subsidiaries and over 200 local service offices.
It offers full-service property management for leisure rentals, including villas, cottages, apartments, and chalets. In early 2025, HomeToGo announced its acquisition of Interhome from Migros in a deal valued up to CHF 235 million. Despite the ownership change, Interhome continues to operate independently with a strong emphasis on quality, guest satisfaction, and sustainable tourism.
| Number of vacation rentals: | 40,000 | ||
| Locations: | Multi-country | Market: | Multi-market |
| Property type: | Leisure rentals (villas, chalets, cottages) | Service: | Full-service property management |
| HQ: | Zürich, Switzerland | Founding year: | 1965 |
7. Sykes Holiday Cottages
Sykes Holiday Cottages is one of the notable and fastest-growing holiday rental managers across the UK, Ireland and New Zealand with over 21,000 exclusive holiday homes. The company won the British Travel Award for Best Large Holiday Cottage Booking Company 8 years in a row.
We interviewed Graham Donoghue, CEO of Sykes Holiday Cottages on the Secret Sauce Podcast.
Listen to the episode or watch the video on YouTube.
8. Homerez
Homerez is a premier marketing vacation home management company, currently managing 11,000-holiday rentals across France, Spain, Italy, Portugal, Croatia, Greece and Morocco, as of Q1 2025.
Founded in 2014 and headquartered in Paris, is a leading tech-enabled vacation rental marketing platform managing over 10,000 leisure properties across Unlike full-service providers, Homerez focuses exclusively on the marketing and distribution side of vacation rentals, helping property owners maximize bookings across more than 20 international channels.
9. The Travel Chapter
The Travel Chapter is a diverse network of quality travel brands (including Holidaycottages.co.uk ).
Formerly Farm & Cottage Holidays, the business has been letting holiday rentals in the UK for over 30 years and grew from a South West Agency to be a national business with properties all across UK hotspots.
| Number of vacation rentals: | 11,000 | ||
| Locations: | Multi-country | Market: | Multi-market |
| Property type: | Leisure rentals (villas, chalets, cottages) | Service: | Exclusive marketing |
| HQ: | Paris, France | Founding year: | 2014 |
10. Feriepartner
Feriepartner manages more than 8,000 quality holiday homes throughout Denmark via an association of local, independent rental agencies.
The company connects private holiday homes directly with owners and guests, ensuring high quality, excellent service, and competitive prices. Feriepartner is Denmark’s largest association of local independent rental agencies, with properties located in the country’s most attractive holiday destinations—along the west coast of Jutland, by the Danish Baltic Sea, and on the islands
We interviewed Flemming Toft Andersen, CEO of Feriepartner on the Secret Sauce Podcast. Listen to the episode or watch the video on YouTube.
| Number of vacation rentals: | 8,000 | ||
| Locations: | Single-country | Market: | Multi-market |
| Property type: | Leisure rentals (villas, chalets, cottages) | Service: | Full-service property management |
| HQ: | Copenhagen, Denmark | Founding year: | 1989 |
11. Sol og Strand
Sol og Strand is one of the largest vacation rental management companies in Denmark. They manage privately owned villas and cottages along the Danish coastlines. Since 2019, Sol og Strand is primarily owned by a Danish foundation that supports charity.
| Number of vacation rentals: | 7,000 | ||
| Locations: | Single-country | Market: | Multi-market |
| Property type: | Leisure rentals | Service: | Full-service property management |
| HQ: | Hune, Denmark | Founding year: | 1979 |
13. Cocoonr
Cocoonr manages over 5,100 properties across France through 23 local agencies, from Rennes and Saint-Malo to Paris, Bordeaux, Marseille, Annecy, and Strasbourg.
The Book&Pay brand was merged into Cocoonr around November 2025, and the two now operate as one. Cocoonr offers both full management and a distribution-only tier, covering urban apartments, coastal houses, and Alpine chalets. It has been among the more active consolidators in the fragmented French market, acquiring You In in Nancy in 2024 and expanding into the Morbihan.
| Number of vacation rentals: | ~5,150 | ||
|---|---|---|---|
| Locations: | Single-country (France) | Market: | Multi-market |
| Property type: | Mixed: urban apartments, coastal, and Alpine | Service: | Managed, full-service, plus distribution tier |
| HQ: | Rennes, France | Founding year: | 2015 |
13. StayMarquis
StayMarquis is a full-service vacation rental management company specializing in luxury and premium properties, primarily in the Hamptons and surrounding areas of New York. Founded in 2014 and headquartered in Melville, NY, StayMarquis manages approximately 6,750 properties as of 2024.
| Number of vacation rentals: | 6,750 | ||
| Locations: | Single-country | Market: | multi-market |
| Property type: | Leisure rentals (villas, chalets, cottages) | Service: | Full-service property management |
| HQ: | Melville, NY, USA | Founding year: | 2018 |
14. Original Cottages
Original Cottages began as a family-run business under the name Norfolk Country Cottages and has since evolved into one of the UK’s leading vacation rental brands.
Despite its growth, the company has retained its unique structure, combining personal, local service with nationwide reach. As of 2025, Original Cottages manages over 6,000 holiday properties across the UK, offering a wide selection of leisure rentals including villas, cottages, and chalets in some of the country’s most sought-after destinations.
| Number of vacation rentals: | 6,000 | ||
| Locations: | Single-country | Market: | Multi-market |
| Property type: | Leisure rentals (villas, chalets, cottages) | Service: | Full-service property management |
| HQ: | Norfolk, UK | Founding year: | 1992 |
14. Hostnfly
Hostnfly is a property management company specializing in full-service management for vacation rental owners in France and Spain.
As of 2025, Hostnfly manages over 5,200 rental properties, primarily urban apartments, across multiple countries. The company offers comprehensive property management services tailored to the vacation rental market. Headquartered in Paris, France, Hostnfly was founded in 2016.
| Number of vacation rentals: | 5,200 | ||
| Locations: | Multi-country | Market: | Multi-market |
| Property type: | Urban apartments | Service: | Full-service property management |
| HQ: | Paris, France | Founding year: | 2016 |
15. Lomarengas
Lomarengas is Finland’s biggest and most experienced holiday home rental agency, founded in 1967 and headquartered in Helsinki. As of 2025, Lomarengas manages over 4,400 holiday cottages, villas, and apartments across Finland, including popular destinations in Lapland and the Finnish Lakeland
| Number of vacation rentals: | 4,400 | ||
| Locations: | Single-country | Market: | Multi-market |
| Property type: | Leisure rentals (villas, chalets, cottages) | Service: | Full-service property management |
| HQ: | Helsinki, Finland | Founding year: | 1967 |
16. DirectBooker
Direct Booker is one of the largest property management companies in the Balkan region with more than 4,000 properties urban apartments across multiple countries including Croatia, Serbia, Montenegro, Bosnia and Herzegovina and Slovenia.
Their portfolio is growing, and they operate in several countries. Find out how Nino Dubretić, CEO of Direct Booker stays productive throughout the day in our A Day in the Life of a Successful Property Manager series.
| Number of vacation rentals: | 4,065 | ||
| Locations: | Single-country | Market: | Multi-market |
| Property type: | Leisure rentals (villas, chalets, cottages) | Service: | Full-service property management |
| HQ: | Bideford, Devon, UK | Founding year: | 1989 |
17. Hosteeva
Hosteeva is a premium short-term rental property management company founded in 2014 and headquartered in New Orleans, Louisiana. As of 2025, Hosteeva manages over 3,700 vacation rentals across multiple countries, with a portfolio that includes leisure rentals such as villas, chalets, cottages, as well as urban apartments.
| Number of vacation rentals: | 3,700 | ||
| Locations: | Multi-country | Market: | Multi-market |
| Property type: | Leisure rentals (villas, chalets, cottages) | Service: | Full-service property management |
| HQ: | New Orleans, LA, USA | Founding year: | 2014 |
18. Esmark
Esmark is one of the largest holiday home rental companies in Denmark. Offering more than 4,000 private holiday homes along the Danish west coast, Esmark manages a wide variety of properties from simple holiday cottages to luxury homes with spas and pools.
| Number of vacation rentals: | 4,000 | ||
| Locations: | Single-country | Market: | Multi-market |
| Property type: | Leisure rentals (villas, chalets, cottages) | Service: | Full-service property management |
| HQ: | Hvide Sande, Denmark | Founding year: | 1965 |
20. VTrips
VTrips is a major U.S.-based vacation rental property management company founded in 2006 by Steve Milo. Through strategic acquisitions, it has grown to manage around 4,000 properties across multiple states, including brands like Vacation Rental Pros and Hilton Head Rentals & Golf.
Despite recent portfolio adjustments and leadership changes—Steve Milo stepped down as CEO in early 2025—VTrips remains the second-largest vacation rental operator in the U.S., focusing on full-service management and continued expansion.
We interviewed Steve Milo, CEO of VTrips on the Secret Sauce Podcast. Listen to the episode or watch the video on YouTube.
| Number of vacation rentals: | 4,000 | ||
| Locations: | Multi-country | Market: | Multi-market |
| Property type: | Leisure rentals | Service: | Full-service property management |
| HQ: | Ponte Vedra Beach, Florida, USA | Founding year: | 2006 |
21. iTrip Vacations
iTrip Vacations is a vacation and urban rental management company with properties in 100+ destinations in the US and Canada. They provide their individual franchise owners with industry-leading technologies, tried-and-true processes, and effective marketing strategies that help them grow their businesses.
| Number of vacation rentals: | 3,182 | ||
| Locations: | Multi-country | Market: | Multi-market |
| Property type: | Leisure rentals | Service: | Full-service property management |
| HQ: | Nashville, Tennessee, USA | Founding year: | 2008 |
22. My Property Host
My Property Host is one of the UK’s leading short-term vacation rental property management companies, founded in 2014 and headquartered in London. As of 2025, the company manages 2,905 urban apartments and provides full-service property management across multiple UK cities, including London, Manchester, Birmingham, Leicester, Doncaster, Brighton, Edinburgh, Bristol, and Oxford.
| Number of vacation rentals: | 2,905 | ||
| Locations: | Multi-country | Market: | Multi-market |
| Property type: | Urban apartments | Service: | Full-service property management |
| HQ: | London, UK | Founding year: | 2014 |
23. BungalowNet
Established in 1996 in the Netherlands, BungalowNet Group established in 1996 in the Netherlands, is a leading holiday home management company operating across Europe. The group manages 2,900 vacation rentals under multiple brands, including Bungalow.Net, Vakantieparken.nl, and ResortNet.
| Number of vacation rentals: | 2,900 | ||
| Locations: | Multi-country | Market: | Multi-market |
| Property type: | Leisure rentals (villas, chalets, cottages) | Service: | Full-service property management |
| HQ: | Willemstad, Netherlands | Founding year: | 1996 |
24. Italianway
Italianway is an innovative short-term rental management company based in Milan, Italy, founded in 2014.
As of 2025, Italianway manages over 2,500 short- and mid-term rental properties throughout Italy, offering a complete suite of services for property owners.
These services include consultancy on property status, restyling projects, tax management, and detailed reporting. Italianway’s portfolio features a wide range of accommodations, from urban apartments to leisure rentals in popular destinations like Milan, Como, and Rome.
| Number of vacation rentals: | 2,505 | ||
| Locations: | Single-country | Market: | Multi-market |
| Property type: | Leisure rentals (villas, chalets, cottages) | Service: | Full-service property management |
| HQ: | Milan, Italy | Founding year: | 2014 |
25. GuestReady
GuestReady is a leading global property management company for vacation rentals, founded in 2016 and headquartered in Trogen, Switzerland.
As of 2025, GuestReady manages over 3,000 premium short-term rental properties across 25+ destinations in Europe and the Middle East, including major cities like London, Paris, Lyon, Madrid, Porto, and Dubai. Company specializes in urban apartments and offers full-service management, covering everything from listing creation and professional photography to 24/7 concierge service, guest communication, price optimization, property maintenance, and more.
We interviewed Alex Limpert, CEO of GuestReady on the Secret Sauce Podcast. Listen to the episode or watch the video on YouTube.
| Number of vacation rentals: | 3,000 | ||
| Locations: | Multi-country | Market: | Multi-market |
| Property type: | Urban apartments | Service: | Full-service property management |
| HQ: | Trogen, Switzerland | Founding year: | 2016 |
26. Dream Ireland Holiday Homes
Dream Ireland Holiday Homes is Ireland’s largest vacation rental management company, offering over 3,000 self-catering holiday homes, apartments, cottages, villas, and holiday parks across the country.
Established as a leader in the Irish holiday rental market, Dream Ireland provides full-service property management for owners and a wide range of accommodation options for guests. Their portfolio covers all major tourist regions, including Cork, Clare, Kerry, Donegal, Dublin, Wexford, Waterford, Galway, Mayo, Sligo, Carlow, and Kildare.
| Number of vacation rentals: | 3,000 | ||
| Locations: | Single-country (Ireland) | Market: | Multi-market |
| Property type: | Leisure rentals | Service: | Full-service property management |
| HQ: | Kenmare, County Kerry, Ireland | Founding year: | 2001 |
27.Avantstay
AvantStay is one of the top vacation rental companies. They understand that owning a vacation home can be expensive and time-consuming, so they offer the first hands-off approach for short-term rental owners, with over 2,500 properties.
AvantStay uses an established tech suite to help power bookings as well as provide an elevated guest experience. They take care of all the work so owners can maximize their vacation rental income.
| Number of vacation rentals: | 2,500 | ||
| Locations: | Single-country | Market: | Multi-market |
| Property type: | Leisure rentals (villas, chalets, cottages) | Service: | Full-service property management |
| HQ: | Los Angeles, USA | Founding year: | 2016 |
28.Ruralidays
Ruralidays.com is a Malaga-based online vacation rental property manager specializing in rural holiday rentals across Andalusia, southern Spain. Founded in 2009, the company manages over 2,500 villas and rural houses throughout the region, with a strong presence in the province of Malaga.
| Number of vacation rentals: | 2,500 | ||
| Locations: | Single-country | Market: | Multi-market |
| Property type: | Leisure rentals (villas, chalets, cottages) | Service: | Full-service property management |
| HQ: | Malaga, Spain | Founding year: | 2009 |
29. Altido
ALTIDO (A Life That I Dream Of) is a leading hospitality management company founded in 2019 and headquartered in London, UK. As of 2025, ALTIDO manages over 2,100 properties—including hotels, guest houses, and private homes—across more than 20 locations in Europe, such as the UK, Italy, and Portugal.
The company was formed through the merger of four successful regional property management companies, combining over 20 years of collective experience in the short-term rental industry.
| Number of vacation rentals: | 2,100 | ||
| Locations: | Multi-country | Market: | Multi-market |
| Property type: | Hotels, guest houses and private homes | Service: | Full-service property management |
| HQ: | London, UK | Founding year: | 2019 |
30. Happy Holiday Homes
Happy Holiday Homes manages over 2,000 vacation rentals in Europe. They started in Lake Como, Italy and expanded to the neighbouring lakes of Maggiore, Lugano and Garda. Today, they have rentals in many of the most popular destinations of Switzerland, Italy and France. The company operates on a franchise model, with 200-300 homes per office.
We interviewed Harold Lubberdink, the CEO of Happy Holiday Homes on the Secret Sauce Podcast. Listen to the episode or watch the video on YouTube.
| Number of vacation rentals: | 2,021 | ||
| Locations: | Multi-country | Market: | Multi-market |
| Property type: | Leisure rentals (villas, chalets, cottages) | Service: | Full-service property management |
| HQ: | Lugano, Switzerland | Founding year: | 2008 |
31. Pass the Keys
Pass the Keys manages 1,400 properties across the UK and Spain through a franchise network of locally owned property managers supported by a national platform.
Founded in London in 2015 by CEO Alexander Lyakhotskiy, the company now runs 41 live territories: 37 across England, Scotland, Wales, and Northern Ireland, plus four on Spain’s Costa del Sol (Marbella, Mijas, Benalmádena, and Fuengirola). Its mix spans urban apartments in London, Manchester, Edinburgh, and Cardiff alongside leisure rentals in the Cotswolds, Cumbria, Anglesey, and Eryri. Services cover cleaning, laundry, key handover, pricing optimisation, and listing across 20+ platforms.
In August 2025 it partnered with Conduit to roll out AI-powered guest communication across its franchise partners, and in July 2026 it expanded into Gloucester, Cheltenham, and the Forest of Dean.
| Number of vacation rentals: | 1,400 | ||
|---|---|---|---|
| Locations: | Multi-country: UK and Spain | Market: | Multi-market |
| Property type: | Urban apartments and leisure rentals (villas, chalets, cottages) | Service: | Network, full-service via franchise |
| HQ: | London, UK | Founding year: | 2015 |
32. Veeve
Veeve has been operating since 2011 and has over 1,700 hand-picked, characterful family homes, townhouses, apartments and penthouses in London, Paris and Los Angeles. They offer full-service management, professional housekeeping and a 24/7 customer care team for guests.
| Number of vacation rentals: | 1,700 | ||
| Locations: | Multi-country | Market: | Multi-market |
| Property type: | Urban apartments | Service: | Full-service property management |
| HQ: | London, UK | Founding year: | 2011 |
33. Homerti
Homerti is a leading vacation rental property management company based in Mallorca, Spain, specializing in holiday homes across the Balearic Islands and the Mediterranean coast. Founded in 2011, Homerti manages over 1,600 properties, making it one of the largest vacation rental managers in Spain.
The company offers full-service management for a wide range of property types, including villas, chalets, cottages, rural houses, and urban apartments.
| Number of vacation rentals: | 1,600 | ||
| Locations: | Single-country | Market: | Multi-market |
| Property type: | Leisure rentals (villas, chalets, cottages) | Service: | Full-service property management |
| HQ: | Mallorca, Spain | Founding year: | 2011 |
34. Brett/Robinson
Brett/Robinson offers a wide selection of vacation rental properties along the Gulf Coast, including Gulf Shores and Orange Beach, Alabama. Founded in 1994 and managing over 1,650 properties, Brett/Robinson is the premier holiday home management company in Alabama.
| Number of vacation rentals: | 1,650 | ||
| Locations: | Single-country | Market: | Single-market |
| Property type: | Leisure rentals (villas, chalets, cottages) | Service: | Full-service property management |
| HQ: | Gulf Shores, Alabama, USA | Founding year: | 1994 |
35. Engel & Völkers
Engel & Völkers is one of the world’s leading home rental management companies specialising in premium residential property.
Founded in 1977, they are now based in more than 800 locations worldwide the company manages around 1,200 vacation rentals, specializing in luxury leisure properties such as villas, chalets, cottages, and apartments and provide their clients with a professionally tailored range of services.
| Number of vacation rentals: | 1,200 | ||
| Locations: | Multi-country | Market: | Multi-market |
| Property type: | Leisure rentals (villas, chalets, cottages) | Service: | Full-service property management |
| HQ: | Hamburg, Germany | Founding year: | 1977 |
36. Pillow
Pillow offers a management solution for owners and managers of multi-family buildings to enable their residents to start renting out their apartments or turn their vacant units into short-term rentals. They work with regional property managers and provide and take over all marketing activities from owners.
| Number of vacation rentals: | 1,276 | ||
| Locations: | Multi-country | Market: | Multi-market |
| Property type: | Urban apartments | Service: | Full-service property management |
| HQ: | Dundonald, South Ayrshire, UK | Founding year: | 2006 |
37. LuxUrban
LuxUrban (formerly CorpHousing Group) is a national short-term rental and hotel management company headquartered in Miami, USA. Founded in 2017, the company rebranded to LuxUrban Hotels in November 2022 to reflect its focus on acquiring and managing short-term rental hotel properties in major U.S. metropolitan cities.
As of 2025, LuxUrban manages approximately 1,200 urban rental units, working with leading development firms, real estate investors, and property owners.
| Number of vacation rentals: | 1,200 | ||
| Locations: | Single-country | Market: | Multi-market |
| Property type: | Urban apartments | Service: | Full-service property management |
| HQ: | Miami, USA | Founding year: | 2017 |
38. Renters.PL
Renters.PL is the fastest-growing short-term rental management company in Poland. Thanks to their proven tools and methods of operation they’ve helped vacation rental owners maximise their rental income. They currently represent 1,219 properties in Warsaw, Świnoujście, Międzyzdroje, Wolin Island, Kołobrzeg, Tricity, Cracow, Wrocław, Poznań and Zakopane.
| Number of vacation rentals: | 1,219 | ||
| Locations: | Single-country | Market: | Multi-market |
| Property type: | Urban apartments | Service: | Full-service property management |
| HQ: | Warsaw, Poland | Founding year: | 2018 |
39. Elliott Realty
Elliott Realty has been in the short-term property management business since 1959 and is the “go-to” company for travelers who are looking to spend a relaxing beach holiday in the Myrtle Beach area. They own numerous vacation rental brands including Beach Rentals, Grande Villas, Luxury Rentals, Coastal Living, Myrtle Beach, Golf Authority, Eagle Nest and Whitetail properties.
| Number of vacation rentals: | 1,200 | ||
| Locations: | Single-country | Market: | Single-market |
| Property type: | Leisure rentals (villas, chalets, cottages) | Service: | Full-service property management |
| HQ: | North Myrtle Beach, South Carolina, USA | Founding year: | 1959 |
40. SkyRun
SkyRun represents 1,005 vacation rental properties in 28 locations across the US, Mexico and Canada. Each SkyRun location is locally owned and operated with its own direct local phone number to provide the most local experience possible.
| Number of vacation rentals: | 1,005 | ||
| Locations: | Multi-country | Market: | Multi-market |
| Property type: | Leisure rentals (villas, chalets, cottages) | Service: | Full-service property management |
| HQ: | Boulder, Colorado, USA | Founding year: | 2004 |
41. First Chair Destinations
First Chair Destinations launched in June 2026 with around 3,500 homes in ski and coastal markets across nine states, formed from former Vacasa territories and backed by Paceline Equity Partners.
CEO Rishi Nigam has been unusually direct about positioning, describing First Chair as “a hospitality company first, not a technology company,” and criticising the prior owner for centralising functions that belonged locally. It uses Streamline and Breezeway to support local teams rather than replace their judgement.
| Number of vacation rentals: | ~3,500 | ||
|---|---|---|---|
| Locations: | Single-country (USA) | Market: | Multi-market |
| Property type: | Leisure rentals (ski, coastal) | Service: | Managed, full-service |
| HQ: | USA | Founding year: | 2026 |
42. City Relay
City Relay is a prominent London-based short-term rental management company, managing around 2,000 properties.
Founded in 2015, it offers comprehensive services through its proprietary Opago platform and physical reception spaces, enabling seamless guest experiences and appealing to owners hesitant about direct Airbnb rentals.
We interviewed Maxime Leufroy-Murat, CEO of City Relay on the Secret Sauce Podcast. Listen to the episode or watch the video on YouTube.
| Number of vacation rentals: | 2,000 | ||
| Locations: | Single-country | Market: | Single-market |
| Property type: | Urban apartments | Service: | Full-service property management |
| HQ: | London, UK | Founding year: | 2015 |
43. Airgreets
Airgreets vacation rentals property management company was founded in 2016 in Germany and has been concentrating entirely on the care and management of holiday apartments. They manage 980 rentals, both urban and leisure in Austria, Germany, Switzerland, Spain and Italy.
They have since merged with Keyone from Austria and now focus mainly on marketing holiday apartments, chalets, villas, residences (B&B structures), and small hotels.
| Number of vacation rentals: | 980 | ||
| Locations: | Multi-country | Market: | Multi-market |
| Property type: | Leisure rentals (villas, chalets, cottages) | Service: | Full-service property management |
| HQ: | Vienna, Austria & Munich, Germany | Founding year: | 2016 |
44. Meredith Hospitality
Meredith Lodging is one of Oregon’s premier home rental management companies. They believe that property management is best done locally and partner closely with their owners, part of their “Owner-First” business model, to offer beautiful, private vacation homes in Oregon’s most-loved destinations.
| Number of vacation rentals: | 900 | ||
| Locations: | Single-country | Market: | Single-market |
| Property type: | Leisure rentals (villas, chalets, cottages) | Service: | Full-service property management |
| HQ: | Lincoln City, Oregon, USA | Founding year: | 2005 |
45.Village Realty
Village Realty is a premier, locally owned vacation home management company specializing in Outer Banks rentals along North Carolina’s coast, including Nags Head, Corolla, Kill Devil Hills, Kitty Hawk, Duck, Manteo, and Southern Shores.
Founded in 1993, Village Realty manages over 700 leisure rental properties ranging from cozy condos to luxury oceanfront estates.
| Number of vacation rentals: | 796 | ||
| Locations: | Single-country | Market: | Single-market |
| Property type: | Leisure rentals (villas, chalets, cottages) | Service: | Full-service property management |
| HQ: | Nags Head, North Carolina, USA | Founding year: | 1993 |
46. Kinlin Grover Vacation Rentals
Kinlin Grover Vacation Rentals is a holiday home rental company located in Cape Cod, Massachusetts. With over 750 privately owned rental homes spanning from Bridges to Provincetown, it’s the largest rental company in the area.
| Number of vacation rentals: | 750 | ||
| Locations: | Single-country | Market: | Single-market |
| Property type: | Leisure rentals (villas, chalets, cottages) | Service: | Full-service property management |
| HQ: | Brewster, Massachusetts, USA | Founding year: | 1999 |
47. Kasa Living
Kasa Living, is a short term rental management technology company. They help property owners and boutique hospitality property owners transform underutilized real estate into profitable vacation rental properties that cater to both business and leisure travelers.
Founded in 2016 by technology and real estate professionals they now have 700+ properties and are continuing to grow.
| Number of vacation rentals: | 737 | ||
| Locations: | Single-country | Market: | Multi-market |
| Property type: | Urban apartments | Service: | Full-service property management |
| HQ: | San Francisco, USA | Founding year: | 2016 |
48. Panhandle Getaways
Panhandle Getaways is a holiday home management company founded by Ann Shank in Destin, Florida in 1992. It has since grown to offer 700+ family-friendly beach vacation rentals all along the beautiful Panhandle of Florida.
| Number of vacation rentals: | 950 | ||
| Locations: | Single-country | Market: | Single-market |
| Property type: | Leisure rentals (villas, chalets, cottages) | Service: | Full-service property management |
| HQ: | Panama City Beach, Florida, USA | Founding year: | 1992 |
49. City Break Apartments
Launched in 2007, City Break Apartments is one of Ireland’s leading short- and medium-term rental management companies. The company manages a portfolio of 250 city centre apartments in Dublin and 100 additional listings nationwide, totaling over 745 properties across Ireland.
| Number of vacation rentals: | 745 | ||
| Locations: | Single-country | Market: | Multi-market |
| Property type: | Urban properties | Service: | Full-service property management |
| HQ: | Dublin, Ireland | Founding year: | 2006 |
Villa Finder is a leading full-service vacation rental management company specializing in luxury villas across Asia-Pacific.
Founded in 2012 and headquartered in Singapore, Villa Finder manages approximately 700 villas in top destinations such as Bali (Indonesia), Phuket and Koh Samui (Thailand), Sri Lanka, and the Maldives.
| Number of vacation rentals: | 700 | ||
| Locations: | Asia-Pacific | Market: | Multi-market |
| Property type: | Luxury Villas | Service: | Full-service property management |
| HQ: | Singapore | Founding year: | 2012 |
Conclusion
The 2025 World’s Top 50 Vacation Rental Property Managers list highlights that operational excellence, scale, and technology are now foundational to success in the industry.
The most significant trend is the acceleration of consolidation, where scale is increasingly bought through major acquisitions, such as Casago acquiring Vacasa and HomeToGo acquiring Interhome, reshaping the market structure.
Meanwhile, proprietary or deeply integrated technology stacks are no longer a differentiator but an “entry fee,” as tech-forward companies pull ahead of those relying on manual processes. The luxury segment is also driving change, with affluent travelers moving toward highly curated, fully managed private homes and demanding hotel-grade service, suggesting that a focus on premium properties is outperforming managing a larger portfolio of average ones.
We see more an more how multi-country, multi-market operators dominate the upper rankings, and top companies are intensely focused on the “direct booking imperative” by investing in brand visibility and loyalty programs to reduce dependence on OTA commissions and own the guest relationship.
Frequently Asked Questions
What is the largest vacation rental management company in the world?
As of 2026, Casago/Vacasa is the largest vacation rental management company in North America following the completion of their April 2025 merger, managing over 40,000 properties across the US, Mexico, Belize, Costa Rica, and the Caribbean. In Europe, Interhome manages approximately 40,000 vacation rentals across 27 countries, making it one of the largest globally. Awaze, the parent company of brands including Novasol, Hoseasons, and Cottages.com, manages 30,000 properties across 36 countries and is widely regarded as the largest by European market footprint.
How does Rentals United compile the Top 50 ranking?
The ranking is compiled using a combination of data provided directly by the property management companies and investigative reporting by the Rentals United team. Companies are ranked primarily by the number of properties under management. Additional data points include operating locations (single vs. multi-country), market coverage (single vs. multi-market), property types, service model (full-service, marketing only, or operations only), headquarters location, founding year, growth strategy, and funding background.
What is the difference between full-service and marketing-only property management?
Full-service property management covers the entire guest and owner experience, listing creation, pricing, guest communication, check-in and check-out, cleaning, maintenance, and owner reporting. Marketing-only management (used by companies like Evolve, Sykes Holiday Cottages, and The Travel Chapter) focuses exclusively on distributing and promoting properties across booking channels, leaving day-to-day operations to the owner or a local operator. Full-service commands higher management fees (typically 20–40%) while marketing-only models charge significantly less (Evolve charges 10%) in exchange for less hands-on involvement.
Which regions are most represented in the Top 50?
Europe is the most represented region, with the majority of top 50 companies either headquartered in or primarily operating across European markets. The UK is particularly well-represented, with companies including Awaze, Onefinestay, Houst, Original Cottages, Sykes Holiday Cottages, My Property Host, City Relay, Veeve, and Altido all based there. North America is the second most represented region, anchored by Casago/Vacasa and Evolve. The Nordic countries (Denmark, Finland) also feature prominently, reflecting the maturity of the Scandinavian vacation rental market.
What growth strategies are the top vacation rental companies using?
The top 50 are growing through two primary strategies. Organic growth, building portfolios incrementally through owner acquisition and market expansion, is used by most mid-size operators on the list. Acquisition-led growth is increasingly dominant at the top, with Casago acquiring Vacasa, HomeToGo acquiring Interhome, and Houst acquiring Hostmaker being the most prominent recent examples. Franchise models (iTrip Vacations, SkyRun, Happy Holiday Homes) and association models (Feriepartner) represent a third path that allows rapid geographic expansion without direct capital deployment.
How many vacation rental properties does the average top 50 company manage?
Portfolio sizes across the top 50 range from approximately 700 properties (Villa Finder, Panhandle Getaways, Kinlin Grover) to over 40,000 (Casago/Vacasa, Interhome). The median property count among the top 50 is approximately 2,500–3,000 properties, reflecting the significant concentration of scale at the top of the list and the relatively rapid drop-off below the top 10.
What property types dominate the top 50?
Leisure rentals, villas, chalets, cottages, and rural properties, are the most common property type, managed by the majority of top 50 companies. Urban apartments are the second most common, managed by companies including Sonder, Houst, Hostnfly, My Property Host, City Relay, Pillow, Renters.PL, and Kasa Living. A small number of companies (Altido, LuxUrban) manage a mix that includes hotels and guest houses alongside traditional vacation rentals.
