Chad Newbold, CEO of Holiday Systems International and its parent company Vacation Innovations, has effectively led his organization through expansion and acquisition in the midst of the global pandemic. As travel came to a virtual standstill and every sector of the industry felt the strain of a global machine grinding to a halt, Chad, having just risen from President to CEO in early 2020, chose to pivot from a survival to a growth mindset and immediately began planning the route to recovery. Leveraging private equity funding, Chad secured the acquisition of Las Vegas-based Holiday Systems International, diversifying and bolstering the company’s holdings and offerings to facilitate a period of rapid recovery and growth.
As a result of the pandemic, Chad faced a particularly challenging set of circumstances, not only focusing on repositioning the company he helped build and shape over the past two decades, as well as the newly acquired HSI but also caring for its family of employees. As was the case with many organizations across the region, difficult decisions were made. Under his leadership, the executive team took significant cuts to help minimize the loss of front-line employees.
In navigating COVID-19, Chad fully embraced the work from home movement, moving entire departments, including the majority of the company’s call center workforce, to remote work.
Since the acquisition of Holiday Systems International, Vacation Innovations has:
– Brought workers back from furlough
– Expanded hiring to propel headcount beyond pre-COVID levels
– Filled new positions as it pursues additional opportunities within the industry
– Launched new brands and enhanced functionality of existing products and platforms
Chad is the embodiment of an entrepreneur and innovator in travel and tourism, not only for his business acumen but for his dedication to serving and elevating those around him.
Early in his career, Chad quickly developed an interest and innate ability as it relates to e-commerce. He co-founded Vacation Innovations in 1999 and, under his leadership, the company has grown from a five-employee title company to a 200+ employee organization with numerous business lines across the travel and vacation ownership industries, and multiple office locations across the U.S. and Mexico.
Chad’s entrepreneurial spirit and expertise in internet marketing, SEO, business development, and travel industry mergers and acquisitions have proven he is a prime example of the grit and drive that represents the best of the Central Florida business community. In 2012, he led Vacation Innovations’ strategic acquisition of SellMyTimeshareNow.com and Timeshare Broker Services. This move grew revenue by more than 300 percent and effectively transformed the organization into a full-service secondary market solution, from timeshare advertising to transfers, sales, rentals, and brokerage services. With the acquisition of Las Vegas-based Holiday Systems International, he further diversified the company’s portfolio and reach. But he isn’t stopping there – Chad is actively pursuing additional opportunities.
In addition to serving his employees, customers, and family, Chad is also fiercely dedicated to serving others. He is active in several nonprofits focused on improving the lives of children and the homeless both locally and internationally, including Bridges of Light and Harbor House, among others. In support of these organizations, Chad has tirelessly helped raise money to build schools in developing countries and provide children in need with clothing, school supplies, and other essentials.
When Chad’s 9-year-old son Miles expressed an interest in supporting the Central Florida homeless community, Chad helped him establish his own charity, Miles To Go Charities. A 501(c)(3) charitable organization, Miles To Go collects, organizes, and distributes essential products from toothbrushes and socks to hand sanitizer and bottled water to the homeless community in and around Orlando, and now in Las Vegas as well. What started as a simple idea has grown significantly, and the organization has now provided more than 3,000 supply bags to those who need it most.
Beyond the boardroom, Chad is also a Grammy-nominated recording artist as part of the American EDM group Fatum, which boasts more than 20 number-one hits on the Billboard Dance charts for remixes and singles.