Matterport Signs Multi-Year Partnership with Vacasa to Provide Digital Twins for International Portfolio of Vacation Homes
November 30 2023 - 9:02AM
Matterport, Inc. (Nasdaq: MTTR), the leading digital twin platform
to access, understand and utilize properties, and Vacasa, Inc.
(Nasdaq: VCSA), North America’s leading vacation rental management
platform, today announced a new multi-year partnership to leverage
Matterport’s Digital Twin Platform and Capture Services.
Vacasa will expand its use of Matterport’s Digital
Twin Platform as an integral part of its home onboarding and guest
service experiences for the tens of thousands of properties Vacasa
manages.
Matterport’s full-stack digital twin solutions will
enable Vacasa to more efficiently and effectively capture, document
and promote its listings. Each digital twin will produce an
immersive virtual tour as well as high-resolution photos to deliver
a consistent showcase experience across Vacasa’s rentals, all
through a single capture appointment.
Sourcing visual documentation through Matterport will assist
Vacasa in delivering a consistent guest experience and maintaining
brand consistency across its international network of listings.
Vacasa will leverage Matterport’s APIs and software development kit
to integrate Vacasa’s platform data with the digital twin of each
listing to automate historically manual data-capture processes and
improve efficiency.
“Vacasa is proud to provide our owners with immersive home tours
and high-quality digital photographs for each and every one of the
properties under our care,” said Chief Operating Officer, John
Banczak. “It’s one of the many benefits we provide to ensure their
homes stand out from the rest. Matterport tours ensure guests have
a full picture of what they are booking and the vacation experience
they’ll have in that home—whether that is simply understanding the
layout of the home for family and friends to addressing if the home
meets accessibility needs.”
“Matterport is the only all-in-one solution to both market and
optimize a global network of properties,” said Jay Remley, Chief
Revenue Officer, Matterport. “Our work with Vacasa demonstrates our
ability to deliver value throughout the property life cycle, from
marketing to operations, and ultimately the customer experience–all
made possible by the investments we’ve made in our digital twin
platform for promoting and operating properties anywhere in the
world.”
Matterport is the industry standard for marketing properties,
helping people and businesses across industries such as real
estate, travel, hospitality and entertainment increase engagement
and sales. To learn more about how Matterport can support your
organization’s property marketing, management or design needs,
visit: Matterport.com
About MatterportMatterport, Inc. (Nasdaq: MTTR)
is leading the digital transformation of the built world. Our
groundbreaking spatial data platform turns buildings into data to
make nearly every space more valuable and accessible. Millions of
buildings in more than 177 countries have been transformed into
immersive Matterport digital twins to improve every part of the
building lifecycle from planning, construction, and operations to
documentation, appraisal and marketing. Learn more at
matterport.com and browse a gallery of digital twins.
©2023 Matterport, Inc. All rights reserved. Matterport is a
registered trademark and the Matterport logo is a trademark of
Matterport, Inc. All other marks are the property of their
respective owners.
Media Contact:Charlie StagerDirector,
Communicationspress@matterport.com
Investor Contact:Mike Knapp VP, Investor Relations
ir@matterport.com
Forward-Looking Statements
This document contains certain forward-looking statements within
the meaning of the federal securities laws, including statements
regarding the benefits of the business relationship, the services
offered by Matterport, Inc. (“Matterport”) and the markets in which
Matterport operates, business strategies, debt levels, industry
environment, potential growth opportunities, the effects of
regulations and Matterport’s projected future results. These
forward- looking statements generally are identified by the words
“believe,” “project,” “expect,” “anticipate,” “estimate,” “intend,”
“strategy,” “future,” “forecast,” “opportunity,” “plan,” “may,”
“should,” “will,” “would,” “will be,” “will continue,” “will likely
result,” and similar expressions (including the negative versions
of such words or expressions).
Forward-looking statements are predictions, projections and
other statements about future events that are based on current
expectations and assumptions and, as a result, are subject to risks
and uncertainties. Many factors could cause actual future events to
differ materially from the forward-looking statements in this
document, including the expected benefits of Matterport and
Vacasa’s business relationship, Matterport’s ability to implement
business plans, forecasts, and other expectations in the industry
in which Matterport competes, and identify and realize additional
opportunities. The foregoing list of factors is not exhaustive. You
should carefully consider the foregoing factors and the other risks
and uncertainties described in documents filed by Matterport from
time to time with the U.S. Securities and Exchange Commission (the
“SEC”). These filings identify and address other important risks
and uncertainties that could cause actual events and results to
differ materially from those contained in the forward looking
statements. Forward-looking statements speak only as of the date
they are made. Readers are cautioned not to put undue reliance on
forward-looking statements, and Matterport assumes no obligation
and, except as required by law, does not intend to update or revise
these forward-looking statements, whether as a result of new
information, future events, or otherwise. Matterport does not give
any assurance that it will achieve its expectations.
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