High Multiple

Holiday Let / Vacation Rental Management Business — Business Valuation Multiple

EBITDA Valuation Guide · Small & Mid-Sized Businesses

Actual EBITDA multiples can vary materially based on EBITDA size, growth, recurring revenue, margins, customer concentration, owner dependence, geography and other company-specific factors.

Min

4×

Typical

6×

Max

8×

Revenue Model

Recurring

Capital Intensity

Low

4×Typical EBITDA Range8×

A typical multiple of 6× EBITDA reflects mid-market transactions in the $1–$50M revenue range.

Overview

Holiday Let / Vacation Rental Management Business businesses may trade across a broad 4×–8× EBITDA range, with a typical multiple around 6×. Valuations are driven by recurring management contracts, owner retention, portfolio density and technology. Businesses with stronger recurring revenue, diversified customers, transferable teams and lower owner dependence generally attract the upper end of the range. Key risks include owner churn, short-let regulation, OTA dependence and seasonality.

Key Value Drivers

  • Recurring management contracts
  • Owner retention
  • Portfolio density and technology
  • Transferable management and operating systems

Key Risks

  • Owner churn
  • Short-let regulation
  • OTA dependence and seasonality
  • Economic and market volatility

Real-World Transaction

Interhome → HomeToGo SE

2025 · Holiday Let / Vacation Rental Management Business

6.5×
~€160m (initial, CHF150m) EVView Case Study

These transactions involved companies substantially larger than the $1–$50M SME benchmark and are shown for context, not direct comparison.

Disclaimer: All multiples are indicative estimates only and are not formal valuations or investment advice. They should not be relied upon for financial decision-making without independent professional advice.