Steve Milo Steps Down as CEO of Vacation Rental Firm VTrips

Steve Milo, founder of vacation rental platform VTrips, has stepped down as CEO but will remain actively involved with the company as a board member. In an email to PhocusWire, Milo confirmed the leadership transition, a common move among travel tech founders.

Milo announced that Scott Seay, formerly VTrips’ chief operating officer, has been promoted to chief executive officer. “As the founder and majority shareholder, I will continue to support Scott and the leadership team at the board level,” Milo said.

He described Seay as well-positioned to lead the company through its next growth phase, highlighting his previous executive experience, including as CEO of Southern Vacation Rentals. VTrips is currently pursuing recapitalization and is in discussions with major investment banks, aiming to hire one by early May.

Milo emphasized that VTrips stands out in the U.S. vacation rental market for its consistent profitability, operational strength, proprietary technology, and seasoned leadership. “We believe VTrips is the top property management platform in the U.S. vacation rental space,” he stated.

The leadership change at VTrips coincides with developments in the broader short-term rental sector. In the UK, the Short Term Accommodation Association (STAA) announced that Graham Donoghue, CEO of Sykes Holiday Cottages and Forge Holiday Group, has been appointed its new chair. STAA described the timing as critical for the industry, which continues to evolve amid shifting regulations and growing consumer demand.

Both announcements underscore a period of strategic change and renewed leadership in the global vacation rental industry.

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Steve Milo Steps Down as CEO of Vacation Rental Firm VTrips

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