Former ANGI Homeservices Executive Will Join Vacasa as the Company Continues on a Strong Growth Trajectory
PORTLAND, Ore., January 12, 2021 — Vacasa, North America’s leading vacation rental management platform, announced today it has appointed Jamie Cohen as the company’s Chief Financial Officer (CFO). Cohen is the former CFO of ANGI Homeservices (NASDAQ: ANGI), a leading digital home services marketplace, and will join Vacasa at the beginning of March.
“I am excited to welcome Jamie to the team and am confident that her experience is exactly what we need for our next stage of growth,” said Vacasa CEO Matt Roberts. “Vacation rentals are a high growth element of the sharing economy and have thrived during the pandemic. We expect consumer preference will continue to lean heavily towards professionally managed vacation homes, which affords us a tremendous growth opportunity moving forward.”
According to Skift, consumer preference for short-term rentals during the pandemic has been steadily climbing. A recent report tracking consumer travel behavior revealed that vacation rental market share of total accommodations doubled from February 2020 to November 2020, while branded hotel stays saw an 8 percentage point decline during the same time period. Additionally, the publication reported that short-term rentals are expected to continue to outperform hotels as leisure travel is projected to recover faster than business travel.
As a member of ANGI Homeservices’ leadership team, Cohen participated in driving the company’s rapid growth during her almost decade-long tenure. She oversaw key initiatives including multiple acquisitions, debt financing, and building the company’s finance and accounting functions. Most notably, Cohen held an instrumental role in the reverse merger of HomeAdvisor with Angie’s List, and the simultaneous public offering of ANGI Homeservices. Cohen received her bachelor’s degree in mathematical business from Wake Forest University. She currently resides in Denver and serves on the Downtown Denver Partnership’s board of directors.
“I am excited to join Vacasa’s leadership team and leverage my extensive marketplace experience to accelerate the strategic plan already in motion. The vacation rental industry is operationally heavy at its core, and technology can play a huge role in unlocking a better consumer experience—something Vacasa has excelled at over the years and will continue to invest in,” said Cohen. “There is no other company in a better position than Vacasa to continue to lead the vacation rental management industry.”
Whether travelers are looking to book a weekend getaway or the trip of a lifetime, Vacasa is the trusted partner for all things vacation rental. Vacasa homeowners enjoy industry-leading financial returns on their vacation homes, delivered by the company’s unmatched technology platform that adjusts rates in real time and ensures revenue is always maximized. Guests can relax comfortably in one of Vacasa’s professionally managed homes across North America, knowing that 24/7 customer care is just a phone call away. In the past 10 years, Vacasa and its licensed subsidiaries have grown to become North America’s largest vacation rental management platform and employ more than 6,000 people who are passionate about providing best-in-class service to homeowners, guests, real estate investors, and partners. For more information, visit https://www.vacasa.com/press.