, /PRNewswire/ -- TravelNet Solutions, the leading enterprise vacation rental technology provider, today announced that it has increased the product and engineering resources committed to its core property management system, Track, by 3X. This move is part of an overall restructuring plan that started in April of 2024. The increased investment signals a major shift to accelerate innovation and empower TravelNet's clients to improve overall business performance in the face of sluggish – albeit recovering – vacation rental market demand.
"I couldn't be more excited to share the news of the expanded engineering investment for in Track," said TravelNet Solutions' CEO, . "This investment will allow us to unlock entirely new capabilities that will help our clients grow revenue and propel the vacation rental market forward." According to recent information from KeyData, Revenue Per Available Room is down roughly 25% since its high in the Summer of 2021.
As a result, many Vacation Rental Property Managers have seen financial results suffer. The significant increase in Track's product and engineering capacity is intended to drive innovation specifically targeted at increasing revenue and reducing cost for TravelNet clients, while improving their guest and owner experiences. These improvements and new capabilities will give Track's clients a further advantage as they navigate the market recovery.
"We have been preparing to make this investment since late 2023 and I'm thrilled to se.
