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Blog - Published on September 10, 2020

Yapstone Backs the Vacation Rental Industry; Donates to VRMA Advocacy Fund

WASHINGTON, D.C.: Yapstone, owner of VacationRentPayment and the leading provider of technology and payment solutions for the vacation rental industry, has joined the fight to protect the vacation rental industry by donating to the Vacation Rental Management Association (VRMA) Advocacy Fund. The fund enables the association to create tangible assets that can be utilized by everyone in the vacation rental industry when faced with regulatory burdens, including studies and direct lobbying efforts.

The vacation rental industry faces wide-ranging regulatory and policy issues, including overreaching local policies, outright bans, and unfair taxation. The donation will significantly further efforts to advance and build a stronger advocacy presence for the vacation rental community.

Toby Babich, VRMA Board President stated, “We welcome Yapstone’s donation to the VRMA advocacy fund and their commitment to the vacation rental community is greatly appreciated. Yapstone is showing a true commitment to the vacation rental industry. Their contribution allows us to continue providing tangible assets for our members and the greater industry. It is vitally important that the vacation rental community advocates for their industry, during the pandemic, to ensure fairness in economic recovery efforts by explaining the value we bring to the travel and tourism ecosystem.”

Added Aran Brown, Yapstone’s Chief Commercial Officer, “The VRMA Advocacy Fund is doing incredibly important work on behalf of travelers, property owners, management companies, and other businesses in the vacation rental industry. This is especially significant during a year in which COVID-19 has presented new challenges impacting our community. We’re grateful for the important work done by VRMA and thrilled to play a part in supporting the organization’s mission.”

So far this year the VRMA Advocacy Fund allowed for a concerted effort to create protections for professional property managers in Georgia, through direct lobbying and the industry’s first Georgia vacation rental economic impact study. More information about this impact study can be found here.

About Yapstone

Yapstone is the leading provider of tailored payment technologies for the vacation rental industry. Through its VacationRentPayment brand, Yapstone provides a comprehensive, yet easy-to-use electronic payment platform that directly integrates with vacation rental softwares to simplify accounting and reconciliation, increase bookings, and save time and money – helping partners grow their businesses. Yapstone has processed over $100 Billion in travel and rental volume for hundreds of thousands of properties over the last 15+ years. The company has raised over $120 million from investors including Accel Partners, Meritech Capital, Premji Invest, and MasterCard.


About the Vacation Rental Management Association (VRMA)

Founded in 1985, the Vacation Rental Management Association (VRMA) is a professional trade association that represents the vacation and holiday rental property management and hospitality industries. Headquartered in the United States, membership includes professional vacation rental managers and industry suppliers in countries throughout the world. VRMA provides research, information, education and networking opportunities, promotes the value of the vacation rental experience and drives industry growth and professionalism. For more information, visit vrma.org, vrmaadvocacy.org, call +1 (202) 367-1179 or email vrma@vrma.org

VRMA Media Contact
Greg Holcomb
Government Affairs Director
Vacation Rental Management Association
gholcomb@vrma.org 

VRMA Media Contact
Cameron Macrae
VP, Business Operations & Corporate Development
Yapstone
marketing@yapstone.com

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