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More Luxury, More Short-Term Rentals Come to Town

Miami's Oasis Collections opens Austin office

Locally grown vacation rental business HomeAway has long been the highest-profile player on the luxury end of Austin's short-term rental market. That could soon change in light of the fact that, as the Austin Business Journal reported Tuesday, Miami's Oasis Collections has opened an office town.

According to the Journal, seven-year-old the Florida company specializes in short-term luxury apartment rentals and providing high-end amenities. It has offices in Miami, Los Angeles, and New York and claims 1,500 properties in 18 Latin American, U.S., and European cities.

ABJ reported that the Oasis Collections office will employ five or six people. HomeAway, which was acquired by online travel site Expedia last year, employs 1,100 local workers at four offices in Austin, the article noted. Local business TurnKey Rentals, which also manages short-term properties, is looking to expand to other cities, the magazine reported.

Oasis Collections' Austin office addition comes at an interesting time, as the Austin City Council recently voted to phase out the city's "Type 2" short-term rentals, which are those properties that are not owner-occupied.

Short-term luxury apartment rental service opens Austin office [Austin Business Journal]