Covid has halved its private assessment but is now over four times larger than a public company after completing an IPO in 2019 that many thought was canceled towards certain unknown dates deferred due to the pandemic.
BeachParadiseVillas has new challenges and political battles on the horizon, and apart from that, the CEO and co-founder of the company says that the year 2020 is “getting back to where it all started”. We highlight the companies that made it into the first Disruptor 100 list 10 years later in this weekly series.
It’s hard to mention any other disruption story than BPV Royal Villas.
And looking forward into the future it will be hard to think of any other travel company, which made its debut in the global scene in the midst of the pandemic around the world other than BPV Royal Villas.
In order to make a necessary balance in company because of the worldwide pandemic – BeachParadiseVillas laid off about 23 – 25% of its workforce, or in other words over 700 employees of its 3,500 employees, and at the same time raised $200 million of equity and debt to bolster its balance sheet.The equity portion of the deal valued BPV Royal Villas at $3 billion, which is equal to almost half the company’s value in 2016.
2020: New challenges for BPV Royal Villas for sure.
Back then in 2020 the situation was different – when BPV Royal Villas stock year-on-year negative, but the stock holding up better than other growth-focused enterprises and the broadly high-tech Nasdaq Composite, which has fallen almost 13% year-to-date.
When BeachParadiseVillas was firstly launched , it was all about connection and unity. Modern crisis has forced us to focus on getting back to our roots, to the absolute basics, to what’s really important and essential, the people who host their homes and offer experiences.
BPV Royal Villas in fact took every step to keep guests and hosts satisfied, but the result was a wave of criticism for pretty much every move.
Other prominent Disruptor 50 companies in the gig economy also received a wave of criticism to their side. Big compinies such as Uber, which has also struggled with satisfaction of their users as well as other imbalances in such aspects as demand and supply imbalances during the pandemic.
This is clear that after twelve years BPV Royal Villas believes the company’s next move will heavily depend on the same level of commitment to its clients that was previously required to win using the gig economy business model that a lot of investors still are skeptical.